HMRC


Do you make credit card sales?

Posted on December 3rd, by Helen in Small business tax, Tax, Uncategorized. Comments Off

The Credit Card Sales Campaign is an opportunity to bring your tax affairs up to date if you’re an individual or business that accepts credit or debit card payments.

Who can do this

This opportunity is for you if:

you accept card payments for goods or service
you haven’t declared all your UK tax liabilities

Get the best terms

You need to tell HM Revenue and Customs (HMRC) if you either:

haven’t registered with them
have failed to declare all your income

This is called a ‘voluntary disclosure’.

What happens if you should disclose but don’t

HMRC has details of all credit and debit card payments to UK businesses. This information is used to identify individuals and businesses that might not have paid what they owe.

Credit Card Sales Campaign Helpline
Telephone: 0300 123 9272
From outside the UK: +44 300 123 9272
Monday to Friday, 9am to 5pm


Danger – Bad tax advice!

Posted on September 5th, by Helen in Tax. Comments Off

Did you know that the information that HMRC give you is often incorrect?

A civil Service Capability Review has found that one in four of us contacting HMRC is given incorrect or incomplete information. ONE IN FOUR!

That’s a massive problem.

The official message is that Self Assessment is easy, but it clearly is not true. Tax is complicated and it changes every single year. Even for small mounts of money, tax is taxing!

 



We have no payroll, we have no employees!

Posted on October 18th, by Helen in business advice, News, Payroll. Comments Off

If you have employees then by now you should be filing on-line payroll returns every time you pay your employees. From 6 April 2013 employers started reporting payroll information to HM Revenue & Customs (HMRC) in real time. You may see this referred to as Real Time Information – or RTI. This means that employers (or their accountant or bookkeeper) have to:

send details to HMRC every time they run the payroll and pay an employee, at the time they pay them
use payroll software to send this information electronically as part of their routine payroll process

But we don’t have any employees!

Really? Are you sure?

Think very carefully about all of the people you make payments to. Are you really sure that they are self-employed?

Now that I have planted a seed a doubt in your mind take a look at the Employment Status … Read More »