Government launches online voluntary NI payments tool Taxpayers can now check for gaps in their national insurance record, make voluntary payments and receive confirmation their payment has been received via a new online service launched by the government last week. The Check your state pension forecast tool from HMRC and the Department for Work and Pensions (DWP) […]
Author Archives: Veska Zhelezova
11
Mar
Mar
HMRC wins appeal over CGT tax discrepancy The situation involving John and Janet Beesley’s tax affairs unfolded due to a series of significant errors made by their accountant. (John and Janet Beesley v HMRC [2023] TC08871) The Beesleys submitted their self assessment returns for the year 2015/16 in January 2017. Neither included a capital gain […]
HMRC, PAYE, Self Assessment, Tax advice, VAT Compliance
Spring Budget 2024 – Your Essential Tax Rates
08
Mar
Mar
Stay updated on the crucial tax rates for 2024 with Budget 2024. Make smart financial choices with accurate and reliable information with Moorgate.
04
Mar
Mar
Important Changes to UK Company Law The Economic Crime and Corporate Transparency Act became law in October 2023. Since then, HMRC have been getting ready to introduce the measures brought in by the act. The first set of changes are due to take effect on 4th March 2024. (subject to secondary legislation and parliamentary […]
26
Feb
Feb
Scam Season for Self Assessment Tax Clients In the wake of the self-assessment deadline, HMRC has shifted its focus to raising awareness about the prevalence of fraudulent tax refund offers, urging the public to remain vigilant against potential scams. They are emphasising the relentless nature of criminals who exploit such deadlines for personal gain. […]
23
Feb
Feb
HMRC’s Screeching U-turn on Double-Cab Vans Only a week after HMRC released new guidance that classed double-cab pickups as cars rather than vans, the government has now performed a screeching U-turn and has reversed this decision. HMRC had recently revised its interpretation of how double-cab vans would be treated for income tax purposes (12th February […]
14
Feb
Feb
The Tax Implications of Benefits In Kind When managing a business, it’s crucial to understand that providing benefits, perks or covering expenses for employees comes with tax implications. Completing a P11D The P11D form is an annual document submitted to HMRC by employers. It lists expenses or benefits provided to employees during the year. If […]
07
Feb
Feb
It’s Never Too Early to Think About Your Tax Return Tax can be pretty intimidating. Even the toughest among us can feel the pressure when tax season rolls around. And let’s face it, sometimes we leave things until the very last minute, hoping for the best. We had many clients last month who really […]
Compliance, Moorgate update, MTD, PAYE, Payroll, Self Assessment, Tax advice, VAT Compliance
Autumn Statement – November 2023
23
Nov
Nov
Autumn Statement 2023 On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses. In addition, there were significant statements relating to National Insurance changes and also the reform of work-related state benefits. Income […]
22
Nov
Nov
Economic Crime and Corporate Transparency Act The Economic Crime and Corporate Transparency Act received royal assent on 26 October 2023. The act gives Companies House the power to play a more significant role in tackling economic crime and supporting economic growth. Over time, the measures will lead to improved corporate transparency and more accurate and […]