The reduced number of Companies House officers has led to delays in processing correspondence, documents and forms. Pausing the strike-off processes will provide companies with more time to update their records and help them avoid being struck off the register. The existing automatic 3-month extensions granted by the Corporate…
Normally, late filing penalties are applied to all returns filed after the 31 January deadline. Those penalties are cancelled if the customer has a reasonable excuse for filing late. However, this year HMRC is not issuing late filing penalties for a month to help taxpayers and agents who are unable to meet…
Recently, a new spam scheme has started contacting taxpayers, who are informed that County Court bailiffs now chase them. In several cases, scammers are claiming to be a bailiff at Northampton County Court. They are targeting people with a County Court judgment for debt. During the calls, the fraudsters claim…
From April 2021 VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) are required to follow the Making Tax Digital rules by keeping digital records and using software to submit their VAT returns. MTD helps businesses get their tax right the first time and to prevent them from…
The «Time to Pay» (TTP) arrangement is a designed scheme to help businesses with temporary cash flow problems. It allows spreading your business tax payments over a longer period of time. This agreement is reached between the business and HMRC in an affordable way to pay outstanding debts. TTP can…
Businesses that don’t have an EORI number can expect increased costs and delays. If HMRC can’t clear a company’s goods at the border, the business may need to pay storage fees. Check an EORI number Who needs an EORI You may need an Economic Operators Registration and Identification number (EORI number)…
The survey showed 8 in 10 adults aged over 18 have decided to modify their lifestyle in 2021. We help to evolve from traditional accounting to digital software.