Our VAT guru Melanie Lord explains the new building work rules that will come into effect in October 2019 In relation to Making Tax Detail we’ve heard a great deal about HMRC’s continued efforts to close the perceived tax gap,…
Category: HMRC
Deliberate Tax Defaulters. It’s not just about the miscreants
Every three months HMRC push out their “Current list of deliberate tax defaulters” which details the name of the miscreant defaulter albeit an individual or a company their published address, the period of the default, the amount of tax and…
Striking Off: What can go wrong?
Why strike off? Debbie Cockerton explains the ins and outs of striking off applications At DCA Business Recovery we have seen a rise in the amount of striking off applications made by directors and instigated by Companies House over the…
IR35, “CEST” Tool and of course “MOO” still causing HMRC & Contractors problems.
Welcome to Contractor Corner, the series written specifically by Qdos Contractor for accountants with clients who are contractors Tribunal case highlights flaws in HMRC’s argument A Tribunal case concluded 18 months earlier has recently been made public. The case involved…
HMRC wrong to resist VAT registrations, costing clients dearly
Melanie Lord takes the Revenue to task over its attitude to new applicants In administering any tax system it is important that everyone gets equal treatment. This is especially so with an EU-wide tax like VAT, where a key underlying…
DLAs Capital or Income when repaid on Solvent Liquidation
DLAs explained Debbie Cockerton explains the rules around director’s loan accounts in solvent liquidations and further charges from HMRC We are often asked about the treatment of a director’s loan account (DLA) if the company goes into solvent liquidation –…
Why don’t HMRC respect the 64-8?
Let’s be 100% upfront: when I ask ‘why don’t HMRC respect the 64-8’ I don’t mean that they refuse to recognise that an accountant has been appointed (always assuming they accept that a 64-8 have been correctly lodged, that is).…
HMRC now charging statutory interest in MVLs
Debbie Cockerton highlights interesting developments that may affect clients looking at the Members Voluntary Liquidation route When shareholders wish to close down their limited company and take advantage of paying lower taxes they need to go down the solvent liquidation…
Filleted accounts, full accounts and micro-entities a round up
Steve Collings explains the updated small company filing requirements; As the new financial reporting regime begins to become more established in the UK, there appears to still be some confusion concerning the filing requirements for small and micro-entities. The filing…
MTD’s Slow Progress
In part two of his series of regular articles for Accounting Practice, Darren Powell explains why the Making Tax Digital pilot scheme is making slow progress In my last article I was able to report on my experiences of the…