HMRC released its Employment Status Service (ESS) tool in March to help provide clarity around IR35, and to assist public sector clients and agencies in assessing the IR35 status of their off-payroll workers. There has been plenty of controversy surrounding it, with some experts claiming it is inaccurate whilst HMRC jumps to its defence.
The clauses for Finance Bill 2017, published Monday 20th March, details the new rules for how the intermediaries legislation (IR35) will be determined for public sector contractors and freelancers working through a personal service company (PSC). The new rules come into effect on 6th April 2017 and affect payments made on or after that date.
Accountants, bankers, lawyers and other advisors are being targeted in HMRC’s latest tax crackdown, as those who enable offshore tax evasion now face strict sanctions which came into effect on 1st January.
If you fail to submit your Personal Tax Return by 31st January 2017 you will be subject to an automatic penalty. HMRC has released some of the most creative, yet unsuccessful excuses they have received for the submission of a late Personal Tax Return.
Contractors are being tempted to increase their take-home pay by using tax avoidance schemes. These promoters market themselves as being compliant and reliable but this is contrary to the truth.
Tech Week Europe recently reported that HM Revenue & Customs (HMRC) and its plans to digitalise tax services may have been ‘over-optimistic’.
Going digital could now happen a lot sooner than anticipated. In a bid to modernise the current Personal Tax Return system, HM Revenue & Customs (HMRC) have announced that the progression to move this process entirely online will be introduced by April 2016. Millions of taxpayers will have the option to open their own digital tax account and complete their Personal Tax Return online. The transition to digital processes often faces issues and errors so what can you expect from the digital Tax Return and what challenges could you face by taking your tax return online?
You’ve completed your Personal Tax Return now (or at least we hope so), so why not sit back and relax whilst you read our blog on some of the worst excuses submitted to HMRC by those who filed a late Tax Return.
