Category: Tax News

Guide to 2022-23 spring budget

Hi all, Please find below the ACCA’s guide to spring budget in regards to new tax changes for the 2022-23 tax year. ACCA-Guide-to-Spring-Statement-2022   We hope you find the guide useful.   Have a good day!

Online Expense Form issues fixed

Hi all,   We have now fixed a glitch with our online expense form where it was saying date invalid from the 7th March to the 31st March.   Apologies for any inconvenience this may have caused.

New Expense Form

Hi all, I hope you are well.   We now have a new Expense Form in accordance to regulation set by HMRC. To help with confusion, we now have a video to explain the new form, and a pdf for a written guide on them. Any questions, please do not hesitate to email and/or … Continued

HMRC sets sights on solicitors

HMRC has launched a new campaign urging solicitors to come forward and bring their tax affairs up to date. The Revenue claims tax crackdowns focused on the likes of doctors, dentists and lawyers among others have raised almost £1bn so far since being initiated in 2011. Solicitors who are self-employed or work within a partnership … Continued

Merchant Acquirer data matchin

Background Legislation issued in 2013 has provided HM Revenue & Customs (HMRC) with new powers to request data from Merchant Acquirers. Merchant Acquirers are financial institutions that process all credit and debit card transactions on behalf of UK businesses. There are 8 major Merchant Acquirer businesses operating in the UK. HMRC has now received the … Continued

SMEs avoiding the books

A report by Intuit QuickBooks has found that only 23% of SMEs surveyed enjoyed the financial management aspect of business with nearly half putting off doing their books while wasting between 30 minutes and six hours a week dealing with spreadsheet issues. Source: Sunday Express (03/08/2014)

Landlords fall under HMRC’s gaze

HMRC is stepping up its campaign against rogue landlords, with plans to send 40,000 letters to buy-to-let investors it suspects of avoiding tax. The letters warn landlords they face a large fine or criminal prosecution if they fail to make contact to arrange their affairs. The Revenue has reportedly employed more staff with the aim … Continued