HMA ACCOUNTANTS

News

News

Penalty points for late filing of VAT returns

Many businesses are still unaware that the VAT late filing and late payment rules now...

Paying tax arrears using HMRC payment plans

If you are unable to pay your tax bill, it's important to reach out to...

Set up your tax app with HMRC

The free HMRC tax app now provides quick access to tax codes, income history, self-assessment...

Check when you can expect a reply from HMRC

HMRC offers a helpful online tool that allows agents and taxpayers to check when they...

HMRC contacting sole traders

HMRC is currently contacting certain sole traders by email to reiterate the importance of adjusting...

Enforcement of the minimum wage

The Department for Business & Trade has recently published a report that outlines the government's...

How many businesses are there in the UK?

Current estimates suggest that there are around 5.6 million businesses operating in the UK. This...

Directors liability for company debts

A limited company is a separate legal entity. In normal circumstances, its debts belong to...

Tax Diary December 2025/January 2026

1 December 2025 - Due date for Corporation Tax payable for the year ended 28...

Updating your tax code

It is quite common for tax codes to be wrong, particularly if your income or...

P45s, P11Ds and P60s – what are they?

Most employees will come across forms such as the P45, P11D and P60 during their...

Company Voluntary Arrangements

A Company Voluntary Arrangement (also known as a CVA) is a special arrangement that allows...

Tax and trivial benefits

There is a trivial benefit-in-kind (BiK) exemption that applies to small, non-cash gifts (such as...

Pay for imports declared via the CDS

If your business imports goods into the UK, it is important to be familiar with...

Tell HMRC about unpaid tax on cryptoassets

Where cryptoasset tokens (also known as cryptocurrency) are held personally, this investment is usually undertaken...