Spam Emails, HMRC

It seems to be that time of year when the spammers are out in force. A number of our clients have received bogus emails purporting to be from the HM Revenue and Customs (HMRC). The emails attempt to entice the recipient of the email to enter personal details  by email so they can claim a … Read more Spam Emails, HMRC

HMRC TIME TO PAY ARRANGEMENTS

Some companies are finding that the HM Revenue and Customs, just like the banking sector, are restricting assistance given during times of cash flow problems. Previously they may have been able to turn to “Time to Pay” (TTP) arrangements, but there has been a marked increased in the number of TTP applications being rejected by … Read more HMRC TIME TO PAY ARRANGEMENTS

HMRC’s Tax Coding Debacle

HMRC’s tax-coding debacle has created a terrible mess which will be causing widespread worry. Many people in a number of industries, including entertainment, are deemed to be ‘employees’ working for several different clients during a tax year and will be prime candidates to receive a letter from HMRC. If you do receive a letter, do … Read more HMRC’s Tax Coding Debacle

Class 4 National Insurance Contributions (NIC) and carried forward losses

Where a self-employed person incurs a loss which is relieved for tax in the current or preceding year against total income, that relief is invariably therefore against income other than from self-employment. Whilst this gives the impression that the losses have been utilised (as indeed they have for tax purposes) they are still available to … Read more Class 4 National Insurance Contributions (NIC) and carried forward losses