As announced in the Spring Budget 2023, inheritance tax (IHT) allowances have been frozen. While this may sound like a good thing, it actually means we’re paying more. Data from HMRC has revealed that inheritance tax collected between April 2022 and February 2023...
HMRC has announced that it will be temporarily closing its self assessment helpline from 12 June until 4 September 2023. The announcement is an unexpected one and gives taxpayers just four days’ warning. The Revenue has stated that the reason behind the decision is...
On Monday 22 May 2023, HMRC closed its VAT registration helpline. This was a subsidiary of the VAT helpline and was dedicated specifically to helping customers who have concerns about their VAT registration application. Advisers from the VAT registration...
All VAT registered businesses must use Making Tax Digital (MTD) compatible software to keep their VAT records and file their VAT returns, as of 15 May 2023. This is a legal requirement and failure to do so will land you with a penalty. If you’re yet to install MTD...
The Information Commissioner’s Office (ICO) has launched a new service for UK organisations looking to use personal data in new and innovative ways. As part of their commitment to helping organisations innovate and grow, the ICO is trialling a new Innovation...
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