HM Revenue and Customs (HMRC) have published guidance on a new online service to help businesses with their import duties and VAT accounts.
If you or your business are involved in importing goods into England, Scotland, Wales and Northern Ireland, you can use the new service to get your import VAT statements and certificates; manage your payment accounts; and manage or view authorities.
New guidance has been published by HM Revenue and Customs (HMRC) to help legal representatives find out what they need to tell HMRC to calculate the lump sum death benefit charge. When someone passes away and their estate includes certain financial products like pensions or life insurance products, any lump sum death benefit received by the beneficiaries might be subject to inheritance tax.
HM Revenue and Customs (HMRC) are running a campaign to help people avoid being caught out by tax avoidance schemes. This is particularly relevant to those who are contractors, agency workers, or are working through an umbrella company.
From 1 May 2024, the VAT road fuel scale charges will be updated. The new rates will need to be used from the start of the next VAT accounting period that begins on or after 1 May. So, if your next VAT quarter starts on 1 June, you will begin using the new rates for the quarter that begins on 1 June.
New employment laws came into force on 6 April 2024 that apply to all businesses. This article provides a brief summary of the changes for flexible working, carers leave, pregnancy and family leave and paternity leave.
The Labour party has published their plan to close the tax gap – the gap between tax owed and tax paid – which is estimated at £36 billion. The plan broadly proposes to do this by boosting tax compliance. Labour plan to be able to raise up to an additional £5 billion a year as a result of their proposed measures.
DPC accountants Stoke-on-Trent understand the importance of leveraging technology to drive efficiency and innovation in business operations. In this article we will introduce you to the concept of generative artificial intelligence (AI) and the transformative power it could have for your business. Now, you might be wondering, what exactly IS generative AI?
New Disability Confident guidance has been published to help managers recruit, retain, and foster the progression of disabled people and those with health conditions in the workplace. The Disability Confident scheme is voluntary and helps employers make the most of the opportunities that can come from employing and developing disabled people.
A new consultation has been launched to find out how the law could be updated to make it easier for organisations to apologise more when they make mistakes. Many organisations are reluctant to apologise because they are concerned that it will be interpreted as an admission of fault.
Prior to the tax year starting each 6 April, HM Revenue and Customs (HMRC), will issue new tax codes to employees, usually where there is a change of tax code. These tax codes, a series of letter and numbers, allow employers to deduct the right amount of tax to be deducted from each employee when the payroll is run.
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