Knowledge Base
Knowledgebase Support HMRC Useful links
Knowledgebase home
Tax Return Production
Accounts Production
Practice Management
VAT Filer
CloudConnect
Anti-Money Laundering
Support home
Video Training Guides
NEW

Hot Topics
SimpleStep Guides
Release Notes
Technical
Known Issues

HMRC Status
Useful Links
MTD for Agents MTD for Businesses What is MTD
Preparation
Agent Services Account
MTD for VAT
MTD for Income Tax
MTD for VAT
Digital Record Keeping
Quarterly Updates
Step-by-step Guide
HMRC's MTD Timeline
TaxCalc's MTD Journey

TaxCalc Blog

News and events from TaxCalc

HMRC news

Ben Handley (3)
03 December 2020

HMRC to Remove VAT100 XML Filing Service

Recently, HM Revenue and Customs shared news of changes to its IT infrastructure, involving the migration of VAT Customer Accounts to a new system. Following this migration, HMRC will decommission the current XML submission service from 8 April 2021.

Comments

0

Likes

Read more
Pauline Smith (8)
28 September 2020

About the COVID-19 VAT deferral ‘New Payment Scheme’

On 24 September 2020, the Chancellor Rishi Sunak announced the ‘Winter Economy Plan’ – a series of measures to continue assisting businesses and employees amid the current pressures caused by COVID-19.
Among those measures was an update to the VAT Payments Deferral Scheme. This allowed businesses to defer payment of any VAT liabilities that fell due between 20 March 2020 to the 30 June 2020 until 31 March 2021. The scheme ended on 30 June 2020.

Comments

0

Likes

Read more
Pauline Smith (8)
25 September 2020

The Winter Economy Plan. Explained. What does it mean to you and your clients?

Chancellor Rishi Sunak has outlined a series of measures to support jobs and the economy over the next six months. Here we provide an overview of the five new initiatives with a brief explanation. Please pass it on to your clients as you see fit.

Comments

0

Likes

Read more
Andrew Webb (5)
27 February 2020

Important information regarding NIC calculations

Possible issue with HMRC calculations for Self-Employed National Insurance Contributions (NIC)

If your clients receive a revised assessment of tax due for 2018/19, which includes an adjustment for reducing or eliminating class 2 and/or class 4 National Insurance contributions, it may be incorrect.

If the individual in question is not set up on HMRC’s self-employed database, this could occur because the system will not expect to collect class 2/4 NIC.

Comments

0

Likes

Read more
Andrew Webb (5)
27 February 2020

TaxCalc News February

HMRC Update on off-payroll (IR35) rules

Whilst a review of the IR35 implementation plans continues in the House of Lords until the end of this month, HMRC have announced changes to the draft legislation.

 HMRC has confirmed that the new rules for contractors, working for medium and large-sized companies, will affect services provided after 6 April 2020 and will not be applied retrospectively regardless of payments made after this date. Where the services are performed by the contractor before 6 April 2020 it will continue to be the responsibility of the contractor and their personal service company (PSC) to decide if the work falls within IR35 and pay the right amount of tax to HMRC.

Comments

0

Likes

Read more
Sarah Dudley (7)
28 January 2020

TaxCalc News January

Leaving the EU

The UK is leaving the European Union on 31 January 2020.

Following the General Election on 12 December 2019, the UK Government is implementing the Prime Minister’s Withdrawal Agreement meaning the UK can leave the European Union on 31 January 2020.

Our ‘No Deal’ provisions, including changes to Companies House forms and EC Sales list filing will not be implemented on 31 January 2020; however, they may at a later stage, once government have finalised details. In the meantime, we will continue to monitor the Government's negotiations with the EU and consider potential impacts at the end of the implementation period.

Comments

0

Likes

Read more
Pauline Smith (8)
29 November 2019

November news

Upcoming legislation: Ultra Low Emission Vehicles

From 6 April 2020 the car and car fuel benefit calculation is changing with the introduction of 11 new bands for ultra low emission vehicles (ULEVs) including a separate zero emissions band. This is to support the Government’s commitment to improving air quality in towns and cities. If your client’s company car has a CO2 emission figure of 1-50g/km, they will need to provide the cars zero emission mileage. This is the distance that the car can travel in miles on a single electric charge.

Comments

1

Like

Read more
Sarah Dudley (7)
21 August 2019

Tax Tip: No Benefit in Kind required for electric company cars

Treasury has confirmed that company car drivers who choose an emissions-free electric fleet model will pay no benefit-in-kind (BIK) tax for the year

Great news for employees. The Treasury has confirmed that company car drivers who choose an emissions-free electric fleet model will pay no benefit-in-kind (BIK) tax for the year as part of new efforts to encourage motorists to switch to green vehicles.


Comment

1

Like

Read more

How to subscribe

Get the TaxCalc news as soon as we publish it!

To sign up, please log in or create an account.

Log in

How to comment

If you already have a TaxCalc account, you can comment on any articles written here.

To avoid using your actual name, you can create a special ID. Just log in and visit your customer account to create it.

Create your ID