HMRC

The HMRC archive.

Accounts & Tax

Penalties waived for businesses missing tax deadline

Late filing and late payment penalties to be waived for one month for self-assessment taxpayers

Accounts & Tax

Do I have to register for PAYE if I do not have employees?

If you’re the director of a business that does not employ anybody do you need to register for PAYE? The answer is not always straightforward, says Jacqui Reeves, senior payroll manager at accountants Hillier Hopkins

Accounts & Tax

How to pay staff

You’ve just taken on your first member of staff, which means you must run payroll? What is payroll and how do you notify HMRC?

News

Businesses say taxman taking ‘aggressive’ approach

Company directors say HMRC twisting arms to pay overdue tax, combined with landlords wanting rent owed and worry over Bounce Back Loan repayments all add to pressure

News

Reprieve for self-employed having to report tax quarterly

Treasury bows to pressure and delays rolling out Making Tax Digital to self-employed sole traders to April 2024

Accounts & Tax

Taxman could claw back up to 10% of furlough cash

Small business owners unaware they have overclaimed could face having to repay 5-10% of furlough claims, warns top accounting firm

Accounts & Tax

Am I eligible for capital allowance?

Capital allowances are valuable reliefs that allow certain business expenditure to be offset against corporation tax. However, not all expenditure qualifies, says Toby Cotton

News

Make December 31 end of tax year, says small business

Poll shows 91% of small businesses want to move from April 6 to January 1 in line with other countries

News

Nearly 300,000 sole traders face increased tax bills

The government has proposed changing the date sole traders and other small businesses report profits, which means hundreds of thousands getting bigger bills next year. Find out how the proposed tax changes affect you

Accounts & Tax

HMRC to go easy on small business strangled with Covid debt

Kwasi Kwarteng, the business secretary, says HMRC will not press businesses to pay overdue tax immediately if they’re struggling with coronavirus-related debt

Accounts & Tax

Mileage allowance in the UK – what is it and how does it work?

You can claim back hours spent on the road for your small business, whether you’re an employee or self-employed. What are the rules around mileage allowance?

Accounts & Tax