Month: April 2024

Overseas Traders Evading UK VAT

Written by Tony Shackleford on April 29, 2024.

In January 2024 HMRC commenced writing to approx. 12,000 businesses which it believes are based overseas, but incorporated in the UK. The main purpose for the companies to be registered in the UK is...

Amazoin and Ebay VAT, HMRC, VAT avboidance

High Earners Removed from Self Assessment

Written by Tony Shackleford on April 22, 2024.

HMRC have announced that individuals who earn in excess of £150,000 through PAYE schemes, will no longer need to submit self-assessment tax returns. 12 months ago HMRC removed the requirements to submit...

high earners tax returns, HMRC, Self assessment

HMRC Tax Enquiries

Written by Tony Shackleford on April 15, 2024.

Statistics produced by HMRC earlier this year, indicated thaty HMRC is undertaking less than half the number of tax avoiudance enquiries as it undertoook pre pandemic.

HMRC, HMRC Enquiries, Tax avoidance

UK State Debt

Written by Tony Shackleford on April 9, 2024.

The ICAEW have recently reported that the UK Public debt as at 31 March 2022 totalled £6.3 trillion. This does not include studenbt loan debt nor accrued state pension which has been accrued . The public...

Public secto debt

Budget March 2024

Written by Tony Shackleford on April 4, 2024.

The principal tax changes announced by the Chancellor in the March 2024 budget were: a) A further reduction in Employees NIC rates for the employed from 10% to 8% from 6 April 2024. No changes were...

Budget, capital gains tax on residential properties, Furnished holiday let, High Income Child Benefit Charge, National insurance contributions, Vat, VAT registration