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Advance Valuation Rulings on imported goods
Advance Valuation Rulings on imported goods Importers of goods to the UK from overseas no longer need a business tax account to get an Advance Valuation Ruling for their goods. The rulings, which last for up to three years, mean traders and agents can act with legal...
Tax advice error could impact your State Pension
Tax advice error could impact your State Pension Group income protection policies taken out through employer salary sacrifice schemes have been wrongly treated for tax thanks to incorrect advice given by HMRC to the Association of British Insurers back in October...
How to spot tax avoidance schemes
How to spot tax avoidance schemes Thousands of people found themselves caught up in the IR35 tax avoidance problems, where freelancers who were earning through a limited company set up to deal with their income were deemed – retrospectively – by HMRC to...
Could you have money sitting in lost or forgotten accounts?
Could you have money sitting in lost or forgotten accounts? The cost-of-living crisis is hitting many of us hard, no matter how well off we might be. But there are many people who have money sitting in lost bank or building society accounts, pensions or investments...
New UK Internal Market Scheme launches
New UK Internal Market Scheme launches A new UK Internal Market Scheme (UKIMS) has been launched to replace the old UK Trader Scheme, which will enable any registered traders to move ‘not at risk’ of entering the EU goods into Northern Ireland. The...
Don’t miss the October 5 deadline to register for self-assessment
Don’t miss the October 5 deadline to register for self-assessment Anyone who has become self-employed, was in a business partnership, earned more than £100,000 or had to pay the High-Income Benefit Charge this year has until October 5 to speak to HMRC to...
Redundancies expected to rise this year – what you need to know
Redundancies expected to rise this year – what you need to know The latest official figures show that redundancies are on the rise this year. Expected redundancies are up from 22,525 in June to 23,975 in July, based on the number of HR1 forms filed to HMRC....
Back to work means it’s time for business development
Back to work means it’s time for business development For most people the summer holidays will be firmly in the rearview mirror by now and they will be starting to focus on the year ahead. One way to make sure next year will be one to remember is by putting some...