Latest News
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Late payment interest rises again
A further increase in the Bank of England’s base rate means that HMRC’s late payment interest rates will rise again next week. What will the new rates be?
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HMRC explains timetable for moving to new service
The Customs Declaration Service (CDS) will be the mandatory way to make export declarations from 1 December 2023, but at the moment not all businesses can use it. HMRC is writing to businesses explaining when they will be able to make the transition. What do you need to know?
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HMRC confirms penalty for non-compliant trusts
Trusts can be a complex subject when it comes to tax. Recent changes mean that even the most basic of arrangements might need to be declared to HMRC. What penalty could you incur if you don’t get things right?
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Rugby pundit wins ruck with HMRC
HMRC has lost the latest in a string of employment status cases against a rugby player turned commentator. What were the key findings this time round?
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Tax deposit certificates need to be used this year
HMRC is writing to taxpayers who have purchased a certificate of tax deposit (CTD) to remind them that the scheme is closing this year. When do these need to be used by, and what should you do if you can’t use them?
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Option to tax changes from 1 February
From 1 February, HMRC will no longer acknowledge receipt of paper option to tax notifications. How do you ensure you receive evidence of the notification after that date?
Muir & Addy is a partnership registered to carry out audit work by the Institute of Chartered Accountants in Ireland (ICAI). Chartered Accountants Ireland is the operating name of ICAI.
Details of our audit registration can be viewed at www.auditregister.org.uk, under reference number 223287.