Changes to paying your Corporation Tax

HMRC recently announced as part of cost cutting measures they will no longer be sending out Corporation Tax payslips, the reasoning behind this is to force taxpayers to pay their Corporation Tax liabilities using electronic methods. In order to pay online you will need HMRC’s bank details which are as follows:- Bank Account: HMRC Cumbernauld […]

Advisory fuel rates & electric cars

Advisory fuel rates are recommended reimbursement amounts for both employees and employers that reclaim for business mileage, when a company vehicle is being used, before incurring any benefit in kind liabilities for fuel. The advisory fuel rates have been changed with effect for all journeys undertaken on or after 1 September 2016. These changes occur […]

HMRC Scam phone calls

Please see below message from HMRC. “We are aware that some customers have received telephone calls claiming to be from HMRC requesting personal information in order to receive a tax refund, or to demand money for an unpaid tax bill. There is also another telephone scam where a recorded message is left, allegedly from HMRC, […]

Newly formed businesses

You may remember last April when we advised of a letter relating to the start up of a new business and registering them with the “Register of Companies and Businesses”. It has recently been brought to our attention that some newly formed companies have now received a letter inviting them to have their company registered […]