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…
Category: HMRC
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…
Sometimes where HMRC are concerned you just have to shake your head and walk away
Here we are at officially the start of Spring 2018 and HMRC have a few days ago sent out a call for Agents to join the MTD pilot scheme. This call has been repeated in their apparently monthly Digital Services…
Chancellor’s Spring Statement: a summary
A ‘Tiggerish’ Chancellor Philip Hammond delivered a Spring Statement with few surprises on Wednesday. The good news, he told a packed House of Commons, was that inflation and borrowing are on the way down while economic growth was better than…