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Tens of thousands of fake HMRC websites taken down
2 August 2018 - posted by: Prowting & Partners Accountants in Bristol

Figures published by HM Revenue & Customs (HMRC) show that 20,750 malicious websites have been taken down over the last year – 29 per cent more than in the previous year.

Documents reveal HMRC plans to secretly access bank account information
2 August 2018 - posted by: Prowting & Partners Accountants in Bristol

Documents published online have revealed HM Revenue & Customs’ (HMRC) plans to secretly access bank account information.

UK’s tax gap continues to fall
4 July 2018 - posted by: Prowting & Partners Accountants in Bristol

Figures released by HM Revenue & Customs (HMRC) show that the UK’s tax gap – the difference between tax owed and actual receipts – is continuing to fall. The Revenue has revealed that the tax gap for the 2016-17 tax … Read more »

Small businesses say the Government should simplify business rates
4 July 2018 - posted by: Prowting & Partners Accountants in Bristol

A survey has revealed strong support from the UK’s small business community for measures to simplify business rates. A total of 71 per cent of the small businesses questioned said business rates should be simpler and have a greater degree … Read more »

Professionals call on Treasury not to lower VAT threshold before MTD and Brexit
4 July 2018 - posted by: Prowting & Partners Accountants in Bristol

The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation (CIOT) has called on the Treasury to resist pressure to reduce the VAT threshold from its current £85,000 until after the implementation of Making Tax Digital (MTD) … Read more »

A quarter of dads may be missing out on paternity pay, according to a new report
4 July 2018 - posted by: Prowting & Partners Accountants in Bristol

The TUC has launched a new campaign calling on the Government to extend paternity pay to more workers, after discovering that a quarter of fathers may be missing out. It found that of the 620,000 new working dads last year, … Read more »

More than two-fifths of small business owners are still unaware of MTD
4 July 2018 - posted by: Prowting & Partners Accountants in Bristol

According to a new study, Making Tax Digital (MTD) is currently one of the biggest concerns for VAT-registered small business owners. The research, prepared by Intuit QuickBooks, found that more than three-quarters of SME owners found the legislation challenging and … Read more »

Building contractors will have to comply with complex new VAT rules
4 July 2018 - posted by: Prowting & Partners Accountants in Bristol

Those working in the construction and building industry are being encouraged to get to grips with a new way of accounting for VAT. From 1 October 2019, builders, contractors and other trades associated with the construction industry will have to … Read more »

Twice as many workers receiving back pay through National Minimum Wage enforcement
6 June 2018 - posted by: Prowting & Partners Accountants in Bristol

According to HM Revenue & Customs (HMRC), the number of underpaid workers getting the money they are owed under the National Minimum Wage (NMW) legislation has more than doubled.

‘Bank of Mum and Dad’ feels the squeeze
4 June 2018 - posted by: Prowting & Partners Accountants in Bristol

The average amount contributed by parents towards home purchases has fallen by 17 per cent over the last year, according to Legal & General (L&G). While buyers who received assistance from their parents in 2017 enjoyed an average contribution of … Read more »

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