Latest News
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HMRC makes further changes to Form P87
In May 2022 HMRC made Form P87 mandatory for employees claiming tax relief for job-related expenses unless they had already made a claim through self-assessment. What's it changed now?
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New VAT penalty regime to start in January 2023
The often-criticised default surcharge regime is coming to an end, and a new system for late VAT returns and payments will be introduced from 1 January 2023. How will the migration to the new scheme be handled?
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Don’t miss key December deadline
The deadline for filing your tax return for 2021/22 is 31 January 2023. However, an earlier deadline of 30 December might be relevant to you.
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When is a dividend “paid” for tax purposes?
The First-tier Tribunal recently considered a case where two shareholders were voted an interim dividend which were then paid on separate dates. HMRC wanted to treat the dividend of one shareholder as paid on the date the other shareholder received the funds, which would have made it taxable in the UK. What’s the full story?
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Coronavirus still causing HMRC issues
It transpires that HMRC’s system has not accepted some voluntary Class 2 NI payments for 2020/21, meaning entitlement to the state pension might be affected. Do you need to take action to resolve this?
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Online advance assurance applications now available
Applying for advance assurance under the venture capital schemes can become a drawn out process, straining the relationship with your potential investors. HMRC has launched a new online service for making the application that should cut waiting times. What do you need to know?
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.