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Quarterly news:

Autumn 2024

HMRC construction industry concerns

Subcontractor verification is under HMRC’s spotlight. With records showing that some contractors are making incorrect Construction Industry Scheme (CIS) deductions, HMRC is currently taking a keen interest in the construction sector.

HMRC targets sales of cats and dogs

If you’ve made money from breeding or selling cats, dogs and other animals, HMRC thinks there are widespread instances of failure to pay tax on such income, and it’s writing to those it believes are involved.

HMRC’s new VAT tool

If you are thinking about registering voluntarily for VAT, or hovering around the £90,000 compulsory registration threshold, the new VAT Registration Estimator tool from HMRC could be for you.

Extra staff for Christmas

Employers boosting their workforce need to remember the pensions automatic enrolment rules. We outline what to look out for.

Major change for holiday lets

Preferential tax rules for furnished holiday lettings (FHLs) end in April 2025, removing any tax incentive to offer short-term holiday lets, rather than letting residential property on a longer basis.

Getting Joint property ownership right

A key Tax Tribunal case involved a taxpayer’s appeal against penalties for failing to notify HMRC of a property letting income tax liability.

HMRC’s offer of Time to Pay for tax owing

HMRC offers Time to Pay (TTP) where a business or individual is struggling to make a tax payment because of genuine financial hardship or personal difficulties.

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