Stockport accountancy practice, Hallidays, have shared the latest changes by HMRC to late payment rules, and reporting rules for digital marketplaces in the firm’s latest financial news bulletin for businesses.
HMRC outlines changes to late payment penalty regime
HMRC has published a policy paper outlining the forthcoming changes to the penalties for late payment and interest harmonisation for taxpayers.
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Digital marketplaces to report sellers’ incomes from 2023
HMRC has published a consultation that outlines plans to implement reporting rules for digital platforms first put forward by the Organisation for Economic Co-operation and Development (OECD).
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CIOT warns over stamp duty refund claims
The CIOT has warned that some claims being made by firms offering help with Stamp Duty Land Tax (SDLT) refunds are too good to be true.
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Contactless limit to increase to £100
The national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021, banking trade body UK Finance has confirmed.
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HMRC urges taxpayers to stay alert to digital scams
HMRC has urged taxpayers to stay alert to the threat of digital scams and scammers claiming to represent HMRC.
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BCC calls for government to extend skills training
The BCC has urged the government to extend skills training in light of the publication of research which showed that one in five companies are considering making redundancies as a result of the coronavirus (COVID-19) pandemic.
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Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 September 2021.
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Employers ‘named and shamed’ for paying less than minimum wage
The government has ‘named and shamed’ 191 companies that have broken National Minimum Wage (NMW) laws.
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Bank of England announces cut in interest rates 
Together announces results for quarter ending 31st March 2025 
HMRC launches online help for tax compliance checks