Offering accountancy services for businesses in the Cambridgeshire area
Cambridge
Joined October 2012
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Lakin Rose retweeted
#HMRC to end payments via Post Office card accounts - 7,500 people receiving tax credits, child benefit and guardian’s allowance via Post Office must open alternative account by 5 April to avoid payments being stopped shar.es/aWRghz via @accountancylive
Lakin Rose retweeted
#HMRC given powers to name promoters of #tax avoidance schemes - names of suspected promoters can be published at an earlier stage than under existing anti-avoidance legislation - effective from 24 March when Finance Act 2022 passed shar.es/aWRgPQ via @accountancylive
Here are the latest Advisory Fuel Rates for review:
gov.uk/guidance/advisory-fue…
Lakin Rose retweeted
Tax probe yields hit staggering £30bn as HMRC fights to recoup lost Covid revenues
In the past year HMRC has ramped up its activity as the leniency it showed during the pandemic has ended --> buff.ly/3K87iMw
#HMRC #Tax #Covid #Furlough #CovidLoans #TaxFraud
VAT - the annual accounting scheme
There are a number of VAT schemes aimed at smaller businesses that help to simplify reporting.
One is the annual accounting scheme (AAS). But what is this, and when might it be beneficial?
Read more: lakinrose.co.uk/news/tax-new…
The Fraud Investigation Service, #HMRC’s specialist fraud team, has recovered more than £1bn from the proceeds of crime and #tax offenders since its formation in April 2016
gov.uk/government/news/hmrc-…
HMRC warning over fake phone calls, emails and text messages before tax deadline dailyrecord.co.uk/lifestyle/…
Lakin Rose retweeted
Four million taxpayers still to file ahead of self assessment deadline on 31 Jan - taxpayers need to declare if they received grants or payments from Covid-19 support schemes up to 5 Apr 2021 on their self assessment as taxable #tax #HMRC shar.es/aW8Ref @accountancylive
Beware of online agents that offer to help claim rebates from HMRC, then pocket up to half of any payments.
theguardian.com/money/2022/j…
#hmrc #uktax #ukscams #onlinescam
Lakin Rose retweeted
HMRC is reminding businesses to declare any COVID-19 Grants in their company tax returns> bit.ly/3A7Vnug
#HMRC #TaxReturn #Covid
The HMRC is waiving late filing and late payment penalties for self-assessment taxpayers for one month.
Even so, we're still working to the usual deadline to ensure we complete all our clients' returns.
#HMRC #selfassessment #tax
Let property: improvement v repair
The tax rules for property businesses have changed considerably since 2010, for example the restriction of relief for financing costs to the equivalent of a basic rate tax reducer (at best).
lakinrose.co.uk/news/tax-new…
EIS - FTT considers risk to capital condition
The enterprise investment scheme (EIS) is a collection of tax incentives aimed at encouraging private investment into younger trading companies.
lakinrose.co.uk/news/tax-new…
Using the Import One-Stop-Shop for low value sales
The old low value import VAT threshold of €22 was abolished in June 2021.
lakinrose.co.uk/news/tax-new…
Lakin Rose retweeted
Bank of England: UK resilient but Covid fears remain bbc.in/3m1aLmK
Avoiding wasted capital losses
There were rumours that CGT rates were going to be increased at the Budget.
lakinrose.co.uk/news/tax-new…
Discovery assessments: time limits, the staleness concept, and Finance Bill changes
The discovery assessment provisions in s. 29 of TMA 1970 permits HMRC to make an assessment for underpaid tax in certain situations.
lakinrose.co.uk/news/tax-new…