Thursday, 29 September 2022

HMRC's Granular Permissions

 


A new feature within Agents Services Account, which HMRC is calling “granular permissions” or “access groups”, allows Agents Services Account (ASA) administrators within a firm the ability to create groups into which they can add clients and internal team members who need to work on their tax files. Only team members added to a specific group will have access to the clients in it.

HMRC is currently trialling the access control functionality with a small number of tax agents of varying sizes as part of a private beta test. The feature will then be rolled out to the wider agent community.

However, HMRC has not given a timeframe for this.

More details of the access controls and screenshots of the feature are available in the following briefing from HMRC: Granular Permissions or Access Groups.

Call me a cynic, but wouldn't time, effort and money be better spent on improving/building up frontline services?


Tax does have to be taxing.

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Tax Investigation Insurance is an insurance policy that will fully reimburse your accountant's (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

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Friday, 23 September 2022

IR35 Reforms To Be Scrapped

"We will repeal 2017 and 2021 reforms to IR35."

Kwasi Kwarteng 23 September 2022

Tax does have to be taxing.

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Market leading tax fee protection insurance for businesses, sole traders and individuals. Protect yourself from accountancy fees in the event of an HMRC enquiry.

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountant's (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

Friday, 16 September 2022

Budget Day 23 September


 

Budget Day or Tax Reducing Fiscal Event Day, take your pick!

Tax does have to be taxing.

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Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountant's (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

Wednesday, 14 September 2022

Taxi!


 

Under its data gathering powers HMRC may request data from business intermediaries/apps who enable or facilitate transactions, which includes data that relates to an account or system that payments are credited into. 

This, for instance, allows HMRC to request details of taxi drivers who have received payments through the relevant booking app. 

AccountingWeb reports that HMRC has exercised this power recently, and as a result it has identified individuals who may have under-declared their income from driving taxis or private hire vehicles. Over the next few weeks, HMRC will write to around 4,000 of those drivers. 

This is a small proportion of the estimated 300,000 taxi drivers in the UK, but HMRC has indicated that this will not be the end of its investigations into this sector. 

Where there is undeclared income HMRC asks the taxpayer to make a voluntary disclosure using the HMRC’s online disclosure service. In such cases it would be prudent to seek advice from tax investigation specialist before attempting to make a declaration. 

The HMRC letter also asks the recipient to sign and return a certificate of tax position within 30 days. 

The Chartered Institute of Taxation (CIOT) advises that there is no legal obligation on the individual to complete the certificate of tax position and return it to HMRC. Also, the period covered by the certificate of tax position – and therefore the declaration – is not restricted to a particular tax year. It applies to all years and has no de minimis level.

The taxpayer should be advised of the serious consequences of making a false declaration. If the individual believes their tax affairs are correct and up to date, and they don’t need to make a disclosure, it may be better to respond by letter to HMRC rather than complete the certificate of tax position.

In all cases the taxpayer, or their tax agent, should reply to HMRC within the deadline to indicate what course of action will be taken.

Tax does have to be taxing.

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Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountant's (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your accountant (your tax return agent) to:
  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

Monday, 12 September 2022

Inheritance Tax


 

King Charles III leads by example and is exempt from paying inheritance tax, one of the more absurd taxes that the state has created.

Dump it!


Tax does have to be taxing.

Tax Investigation Insurance

Market leading tax fee protection insurance for businesses, sole traders and individuals. Protect yourself from accountancy fees in the event of an HMRC enquiry.

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountant's (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

Friday, 2 September 2022

Disjointed Government Thinking Fouls Up Tax Publications


 

As per Rebecca Cave:

"One of the design principles of GDS is that documents should be published as HTML not as PDFs on gov.uk. This is because as GDS says in its blog: “Compared with HTML content, information published in a PDF is harder to find, use and maintain. More importantly, unless created with sufficient care PDFs can often be bad for accessibility and rarely comply with open standards.”

This has the unintended consequence that when information is only available from HMRC in a PDF it is not published quickly, and sometimes not published at all, on gov.uk. "


Tax does have to be taxing.

Tax Investigation Insurance

Market leading tax fee protection insurance for businesses, sole traders and individuals. Protect yourself from accountancy fees in the event of an HMRC enquiry.

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountant's (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your accountant (your tax return agent) to:
  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"