From April 2020 the rules for engaging individuals through personal service companies are changing. The responsibility for determining whether the off-payroll working rules (sometimes known as IR35) apply will move to the organisation receiving an individual’s services. This advice will help your organisation prepare before the changes come in. How to prepare Look at your…
How much Income Tax someone pays in each tax year (from 6 April to the 5 April the following year) depends on: how much of their taxable income is above their Personal Allowance how much of this falls within each tax band Personal Allowances The Personal Allowance is the amount of income a person can get before they pay…
A Manchester crook who went on the run when his handwritten ledger books implicated him in a multi-million pound money laundering fraud has been sentenced in his absence. Jamshed Bhatti, 60, formerly of Stockport Road, Longsight, was caught with £50,970 in cash when HM Revenue and Customs (HMRC) investigators searched his home in August 2015.…
With 100 days to go before the 31 January deadline, HM Revenue and Customs (HMRC) is reminding customers to complete their tax returns early to beat the Christmas and New Year rush. Last year more than 2,000 people sent us their tax returns on Christmas Day. Customers should consider submitting their returns early to avoid…
HM Revenue and Customs (HMRC) has automatically registered 95,000 businesses for its simplified import procedures allowing most traders up to six months to pay import duties and submit customs declarations, if the UK leaves the EU without a deal on 31 October. The scheme, known as Transitional Simplified Procedures (TSP), will make importing after Brexit…