The Royal Opera House in London has fallen foul of HMRC’s VAT regulations as the Upper Tribunal has found against them which means they have lost £532,000
During the pandemic many people, including the Bedrock team, have had to work from home which has had its benefits but also meant additional household costs such as increased utility bills for heating during the winter months.
The deadline of 30 June 2021 for applications for government grants to help small and medium-sized businesses new to importing or exporting is rapidly approaching.
The UK government is encouraging the uptake of electric cars to help address issues with emissions and climate change. In an effort to support this move HMRC has recently issued a briefing which seeks to ‘clarify’ the VAT liability of charging electric vehicles.
HMRC’s fraud hotline received more than 91,000 calls during the first nine months of the Covid-19 pandemic, with concerns that furlough fraud is likely to be behind many of the calls.
Businesses that deferred VAT payments last year have one month left to join online to pay in monthly instalments under the VAT Deferral New Payment Scheme brought in by HM Revenue and Customs (HMRC).
HMRC has published a number of tax-related consultations and calls for evidence on a range of tax administration and tax policy areas.
Sadly not prizes in this instance as HMRC has issued a policy paper called ‘Penalties for Late Submission’ which involves a points based penalty approach.
The Chancellor of the Exchequer Rishi Sunak has presented his 2021 Budget with the snappy subtitle of ‘Protecting the jobs and livelihoods of the British people’ to the House of Commons today. Here we’re going to focus on the tax related announcements which primarily affect businesses.
HMRC has announced that taxpayers who have to submit a Self Assessment won’t receive a late filing penalty if they didn’t make the end of January deadline so long as they file their late tax return online by 28 February.