Tel: 01492 593345 | Email: contact@garethhughes.co.uk | The Round House, Glan-Y-Mor Rd, Llandudno Junction, Conwy LL31 9SN
Gareth Hughes & Co is the trading name of Gareth Hughes & Company Ltd, registered in England and Wales, Company number 06248470. Registered Office: The Round House, Glan-y-Mor Road, Llandudno Junction, Conwy, LL31 9SN.
Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details of our audit registration can be viewed at https://www.auditregister.org.uk under reference number C001524264
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LATEST HMRC GUIDANCE FOR EMPLOYERS
/in Financial /by Matthew WilliamsHMRC has published the latest issue of the Employer Bulletin. The April issue has information on various topics including:
Small businesses are being invited to share their views of the tax system through the Tell ABAB 2022 survey.
You can also feedback on the UK central government complaints standards by participating in a survey launched by the Parliamentary and Health Service Ombudsman.
Please contact us for help with tax matters.
Internet link: Employer Bulletin
HMRC STARTS CHASING UP SEISS OVERPAYMENTS
/in Financial /by Matthew WilliamsHMRC has started to recover overpayments of Self-employment Income Support Scheme (SEISS) grants.
From April, HMRC is writing to taxpayers whose entitlement to the fourth or the fifth SEISS grant has reduced by more than £100 to ask them to repay amounts that were overpaid.
Entitlement to the fourth and fifth SEISS grants can be affected by an amendment to a tax return. HMRC’s letters include an assessment and a date by which you must make the repayment. If the payment is over 30 days late, a late payment penalty of 5% of the unpaid tax will be applied.
Even if you do not receive a letter, you must tell HMRC within 90 days if an amendment to a tax return affects your entitlement.
Anyone who needs to repay grants can make use of HMRC online tools to help them calculate what they owe. Individuals who receive a letter from HMRC are required to use the payment reference beginning with X when making their repayment.
If you are not able to pay in full, you may be able to set up a Time to Pay arrangement with HMRC.
Internet links: GOV.UK
NEW HMRC ONE-STOP ONLINE SHOP PROVIDES TAXPAYERS WITH TAX RELIEF INFORMATION
/in Financial /by Matthew WilliamsHMRC has launched a new one-stop online shop designed to provide taxpayers with information on the tax reliefs and financial help available from HMRC.
In a new section of the GOV.UK website, HMRC has listed financial support available to ensure individuals are not missing out. There is guidance on relief for childcare and work-related expenses, as well as information about savings and getting help if you cannot pay your tax bill.
The shop is designed to make it easier than ever for taxpayers to claim the benefits, credits and allowances they are entitled to. HMRC has provided online guidance and tools to permit people to check if they are eligible for each relief.
Myrtle Lloyd, Director General for Customer Services at HMRC, said:
‘We understand these are very difficult times for many so it’s vitally important we continue to highlight the range of support available.
‘We’d encourage those who think they may be eligible for support to take a look and claim what they’re entitled to – it could make an important difference to household budgets at a time when it’s needed the most.’
Internet link: GOV.UK