HMRC has warned that the registration process for Making Tax Digital for VAT will take seven days to complete and will not be a real time service … Continue reading Avanti’s Info Snippets – MTD
HMRC Databases are not up to date!
Beware - ‘Standard ‘ mail from HMRC whether it be PAYE / VAT dept etc may be sent to an incorrect address even if you have updated the address details with HMRC and Companies House. It could be the case that the address is correct with the … Continue reading HMRC Databases are not up to date!
Scam Alert
Another Scam, this time on mobiles. Automated call - reportedly to be from HMRC - telling you a law suit will be actioned against you for undeclared remuneration and to press one for case worker. This is nonsense – do not press one, immediately … Continue reading Scam Alert
Avanti’s Info Snippets – Estate Agents Inspected
Estate agents have been hit with unannounced inspections as part of a week-long crackdown on money laundering in the property industry, while national chain Countrywide has been fined a record £215,000 for breaches of the regulations, HMRC has … Continue reading Avanti’s Info Snippets – Estate Agents Inspected
Avanti’s Info Snippets – Stationery Giant in trouble
Stationery specialist Paperchase is the latest high street retailer to announce financial difficulties, bringing in KPMG to assist with a proposed company voluntary arrangement (CVA) which would include rent reductions at many of its stores and the … Continue reading Avanti’s Info Snippets – Stationery Giant in trouble
Avanti’s Info Snippets – IR35
HMRC has opened a 12-week consultation into controversial proposals to extend the IR35 off-payroll working rules to the private sector from April 2020, watch this space for further information … Continue reading Avanti’s Info Snippets – IR35
Avanti’s Info Snippets -MTD Causing Frustration
Accountants preparing for MTD are frustrated their Agent Services Accounts can't show whether clients have opted into the new VAT filing regime, meaning each record has to be viewed individually wasting so much time. … Continue reading Avanti’s Info Snippets -MTD Causing Frustration
Avanti’s Info Snippets – Govs Targets Missed
The government’s third party online ID system Verify missed its usage and savings targets by 75%, according to the National Audit Office. … Continue reading Avanti’s Info Snippets – Govs Targets Missed
Case Study – IR35
We recently helped a client (Client A) that had a querying as to whether their workers were actually self-employed or employed. This is a common question we are asked by clients, more so now since the introduction of the IR35 legislation. Like … Continue reading Case Study – IR35
Jan/ Feb – What did you miss?
It's been a busy start to the year for the Avanti team...in case you missed it, we kicked off by filing all clients tax returns online.on time.no fine - We have achieved this 19 years running! Spring is just around the corner, and as the bulbs bloom, … Continue reading Jan/ Feb – What did you miss?
Avanti’s Info Snippets – Metro Bank
Metro Bank is being probed by the Prudential Regulation Authority and Financial Conduct Authority over a significant adjustment to its accounting for risk weighted assets … Continue reading Avanti’s Info Snippets – Metro Bank
Avanti’s Info Snippets – Liquidations Increasing
The number of insolvent businesses being liquidated has increased by 10% in the last year, with rising interest rates and Brexit disruption fuelling the rise. … Continue reading Avanti’s Info Snippets – Liquidations Increasing