Don’t be late with your VAT payments
A recent Tax Tribunal ruled that a six figure fine imposed for missing a VAT payment by one day was “proportionate” when a business was late in paying monies owed to HMRC.
A recent Tax Tribunal ruled that a six figure fine imposed for missing a VAT payment by one day was “proportionate” when a business was late in paying monies owed to HMRC.
HMRC recently won a VAT fraud case that saw the imprisonment of a Gloucestershire businessman, who stole almost £265,000 of taxpayers’ money by claiming false VAT repayments for his web development company.
Significant changes to the rules around property will be coming into effect on April Fool’s day – 1 April 2016 with an increase in Stamp Duty charges. Unfortunately it’s no joke and buy-to-let investors and second-home buyers will be facing a significant increase in stamp duty on additional properties. Usually such changes to tax regulations […]
Trade bodies for businesses in the alcohol sector have been working with HMRC to set up the Alcohol Wholesaler Registration Scheme and alcohol wholesalers are encouraged to register well before the deadline of 31 March 2016. The scheme is intended to drive duty fraudsters out of the alcohol trade which should be good news for legitimate businesses and taxpayers.
If you’re married or in a civil partnership make sure you’re not missing out on an opportunity to save on your annual tax bill by using the Marriage Allowance available to you.
Changes to Inheritance Tax are being introduced from 2017 which will particularly impact upon married couples and those in civil partnerships.
We’re delighted to announce that we will again be joining forces with The Wilson Organisation, organisers of the annual Midlands Family Business Awards. Following our involvement in 2015 Bedrock has boosted its involvement by becoming a category sponsor for this year. Bedrock will sponsor the Best Small Family Business category, which is open to family firms with […]
HMRC have released analysis of online tax return filing figures which show there is a difference based on gender when it comes to filing Self Assessments on time.
The government is changing the arrangement by which business owners can be paid via dividends to reduce tax bills.
Having now come to the end of a full year of application, an estimated £25 million of theatre tax relief has been paid back to theatre companies from across the country by HMRC. HMRC has released the first figures for this government tax relief scheme for theatres which was introduced in September 2014 following similar arrangements for […]