hmrc

  • As a parent, could you be missing out on your state pension?

    Posted on
    There’s no reason why being a parent, and particularly being a non-earning parent with commitments to their children, should put you at risk of decreasing your state pension entitlement. Currently, however, there are potentially hundreds of thousands of people in this exact position – although thankfully, there are steps to take so that it can be a...
  • VAT in ‘no deal’ Britain

    Posted on
    With just seven months to go, the prospect of a ‘no deal’ Brexit looks increasingly likely. Theresa May recently said that it ‘wouldn’t be the end of the world’ and the fact that HMRC have just released guidance on ‘VAT for businesses if there’s no Brexit deal’ indicates that it is more than a distant possibility, despite HMRC’s assertion that ‘a s...
  • 3 out of 4 UK businesses are burdened by compliance

    Posted on
    According to recent figures, 75% of British businesses feel weighed down by the burden of tax administration and compliance. It is believed that this has increased considerably in recent years, with some people describing the tax system as positively Byzantine. While the introduction of new tax reliefs and tax breaks has been welcome, the amount of...
  • What is Making Tax Digital (MTD)?

    Posted on
    HMRC is striving to revolutionise the UK tax system and plans to do that through the Making Tax Digital (MTD) initiative. HMRC wants to be the most efficient tax authority in the world, and embracing the use of digital data appears to be the path towards that. The current system can be scrutinised for not being effective enough, efficient enough or...