August 10th 2021
HMRC reminder letter to review tax liabilities HMRC uses nudge letters to prompt taxpayers to review their tax affairs. This is with a view to closing the gap between the tax expected by HMRC, and the…
February 22nd 2021
The Time to Pay scheme, or TTP, helps businesses that are experiencing temporary financial difficulty to repay their tax arrears over a period of time, potentially up to 12 months.
January 21st 2021
The recently introduced provisions detailed in the Finance Act 2020 allow HMRC to make directors, shadow directors, and other connected individuals, jointly and severally liable for the tax liabilities of insolvent companies or LLPs in certain situations.
March 31st 2020
HMRC can exercise Direct Recovery of Debt powers to collect owed debts or issue an Accelerated Payment Notice (APN)
March 30th 2020
HMRC may issue a penalty or surcharge if you make a late tax payment, such as VAT, PAYE and Corporation Tax
March 9th 2020
If you owe tax to HMRC and have been issued with an Accelerated Payment Notice, contact Begbies Traynor on 0800 063 9221
March 3rd 2020
A VAT Security Bond provides protection to HMRC in the event of VAT non-payment, such as during insolvency
February 25th 2020
Offshore bank accounts are often to conceal cash and avoid tax liabilities, as seen in the Panama Papers
February 24th 2020
A Corporation Tax liability is outstanding tax owed to HMRC by a limited company on its annual takings
February 19th 2020
Time to Pay arrangements (TTPs) enable businesses to pay off arrears of tax and National Insurance over an extended period of time, limiting HMRC penalties and allowing for recovery of commercial momentum.
February 18th 2020
HMRC can issue Accelerated Payment Notices or directly recover tax debts to crack down on tax avoidance
February 12th 2020
Business Asset Disposal Relief was last revised in April 2020, formerly known as Entrepreneurs' Relief
January 23rd 2020
ESC C16 which has now been withdrawn was an extra-statutory concession used until 2012 to strike off a solvent business
January 13th 2020
HMRC can recover outstanding debt directly from the bank account of individuals and corporate debtors
January 6th 2020
The IR35 Private Sector Reform has been delayed to April 2021 which will impact the way the employment status of contractors is determined
January 5th 2020
Accelerated Payment Notices are issued by HMRC to outstanding taxpayers and can be used to tackle Tax Avoidance
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