Tax gap rises to £35 billion

An estimated £35 billion of tax due was not paid in 2017/18, according to the most recent tax gap report from HMRC. The report, which measures the difference between the amount of tax that should be paid, and what is actually paid, said this made up 5.6% of total tax...

HMRC error affects payments on account

An error with HMRC's systems means some taxpayers may not receive an expected bill for payments on account next month, but will need to pay a much higher bill in January 2020. This warning comes from the Association of Taxation Technicians (ATT), which is advising...

June PAYE payment deadline falls on a weekend

The deadline for making a PAYE payment to HMRC falls on a Saturday this month, meaning employers may have to act sooner to pay on time. A PAYE bill may include employee income tax deductions, class 1 and 1b national insurance contributions, student loan repayments,...

HMRC issues new VAT reverse charge guidance

HMRC has made new guidance available about the domestic reverse charge for building and construction services, which is set to take effect from 1 October 2019. The reverse charge is a major change to the way VAT is collected in the industry, requiring the customer...

Advisory fuel rates update

As of 1 June 2019, advisory fuel rates have been updated for employees' usage of company cars. The following rates are now in place for petrol and LPG-fuelled cars provided by your employer, while the previous rates can be used until 1 July 2019. Engine size Petrol -...