During the covid pandemic HMRC suspended many of their debt collecting activities. However, as the UK emerges and economic activity resumes, HMRC has restarted their debt collection work intending to contact taxpayers who have fallen behind with their tax payments. From September 2021, they restarted the process of collecting debts using their enforcement powers. These […]
How HMRC Deals with Tax Debts Read More »
If your company is no longer trading and does not have any other income, you can tell HMRC that it is dormant. This will relieve you of the need to file a company tax return or pay corporation tax. However, while your company still exists, even if it is no longer trading, you will still
Tell HMRC That Your Company is Dormant Read More »
As the 2020/21 tax year draws to a close, many employees will have spent much if not all of the last year working from home. While the tax system enables employers to pay employees a tax-free allowance of £6 per week (£26 per month) to cover the additional household costs of working from home, employees
Claim expenses for additional costs of working from home Read More »
In the UK, your company needs to pay a range of taxes from Corporation Tax on the company profits to Value Added Tax (VAT) on the sale and purchase of the products. What happens if you don’t pay taxes? If you fail to pay tax taxes on time, you have to bear the consequences. If
What Happens When you Don’t Pay Taxes on Time? Read More »
