Households With Landlines Should Be Vigilant Over recent years HMRC has increasingly cracked down on email and SMS phishing, and a number of criminals are turning to cold-calling publicly available phone…
Businesses Urged To Prepare For Post-Brexit Customs Declarations HMRC is urging VAT-registered UK businesses which trade exclusively with the EU to be prepared for a no deal Brexit. In a…
MTD For VAT - Pilot Extended To All Eligible Businesses HMRC has extended its Making Tax Digital for VAT (MTDfV) pilot scheme to all eligible businesses. For most businesses, compliance…
HMRC's Voice ID Database Since 2017, HMRC has captured millions of callers' voice data on its Voice ID system by encouraging the caller to say a key phrase instead of…
Spring Statement Date Announced The Chancellor of the Exchequer, Philip Hammond, has announced that the government will respond to the forecast from the Office for Budget Responsibility (OBR) in the…
'Unbelievable Excuses' For Late Filing Of Tax Returns HMRC has revealed some of the most 'bizarre excuses' taxpayers have given for failing to file their self assessment tax return…
Protect Your Pension Pots The Insolvency Service has urged individuals saving for retirement to protect their pension pots from criminals and 'negligent trustees'. Research carried out by the Service found…
More than 93% of taxpayers filed returns by deadline, figures reveal MORE than 700,000 taxpayers rushed to submit their tax returns on deadline day on Thursday - and a similar…
January NewsletterGW Cox & Co's January Newsletter is now available. This months edition includes information on Making Tax Digital for VAT, Pensions contribution and the increased rates from April 2019,…
Tax Rates and Allowances for Small Businesses – 2019/20 Here are the main small business tax rates and allowances for the tax year of 2019/20. Corporation Tax You have to…
Limited company expenses – what can you claim for? When running a limited company, you will incur a wide number of limited company expenses during the course of your work,…
Child benefit NI loophole ‘disrupts state pension rights’ More than 200,000 households may be missing out on a full state pension because of changes to child benefit, a parliamentary committee…
HMRC changes guidance for directors’ returns For years we have been irritated by HMRC insisting that all directors must register for self-assessment, even if they have no tax to pay.…
Scottish Budget 2018 Income Tax Changes Finance Secretary Derek Mackay delivered the 2019/20 Scottish Draft Budget on Wednesday 12 December 2018 setting out the Scottish government's financial and tax plans.…
Scottish Budget 2018 Property Tax Changes In the 2019/20 Scottish Draft Budget, Derek Mackay announced changes to Scottish Land and Buildings Transaction Tax (LBTT) which are considered below. The government's…
HMRC Reminder To Employees To Claim Their Tax Deductible Expenses HMRC is reminding employees that they may be able to claim a tax rebate on their work related expenses. HMRC…
Pension Contribution Increases Ahead The Pensions Regulator (TPR) is reminding employers that from 6 April 2019, the amount that will need to be paid into a workplace pension will increase…
HMRC Publish Details Of Deliberate Tax Defaulters HMRC have updated the list of deliberate tax defaulters. The list contains details of taxpayers who have received penalties either for: deliberate errors…
Self Assessment Deadline Approaching The deadline for submitting your 2017/18 self assessment return is 31 January 2019. The deadline applies to taxpayers who need to complete a tax return and…
The Scottish Budget Key Announcements On 12 December 2018 Finance Secretary Derek Mackay delivered the 2019/20 Scottish Draft Budget setting out the Scottish government's tax and financial plans. Key announcements…