Business tax

P11D form deadline reminder

Providing employee benefits or covering expenses? Employers must submit P11D forms to HMRC for the 2015/16 tax year by 6 July 2016.

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Trade credit insurance pay outs increase

Is your business taking trade credit insurance? Around £150 million was paid in insurance claims in 2015, an increase of 41% compared to the previous year.

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Payroll fraud costs £12 billion per year

SMEs are collectively losing a total of £144 billion a year through fraud, with £12 billion being lost through payroll.

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HMRC call times triple

Average HMRC call waiting times have tripled over the last 18 months, resulting in a loss to taxpayers of £97 million last year.

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Daily penalties date for late tax returns approaching

Those who have yet to file their online tax return with HMRC for the 2014/15 tax year could face daily penalty charges.

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HMRC tax fraud strategy criticised by committee

HMRC is not doing enough to tackle tax fraud, according to a report by the Public Accounts Committee.

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Quarterly business tax returns questioned by independent watchdog

The Administrative Burdens Advisory Board, an independent oversight body for HMRC, has “significant concerns” about the government’s plans to introduce quarterly digital tax returns for businesses.

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