There has been a surge in the amount of HMRC Number cloning recently where scammers will disguise themselves as HMRC in order to appear legitimate and attempt to get people to hand over money.
These fraudulent calls will appear as a genuine number of HMRC but in actual fact will just be someone who is spoofing the number to appear to as them.
Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee.
A tax exemption is available which should help employers ensure that the benefits provided are exempt and do not result in a reportable employee benefit in kind. In order for the benefit to be exempt it must satisfy the following conditions:
HMRC has warned that university students are being bombarded with fake tax refund emails. The scammers have targeted university students in an attempt to steal their banking and personal details using.ac.uk email addresses that look genuine, in order to avoid detection.
The Office of Tax Simplification (OTS) has published the first of two reports on inheritance tax.
The first report sets out an explanation of the issues and complexities of IHT, gives an overview of concerns raised by the public and professional advisors during the review and then makes recommendations. This first report examines the administrative issues that people complain about and which were raised in the responses. The second report covering other wider areas of concern to people will follow in Spring 2019.
HMRC have published the updated rates for mileage claims on company cars that take effect from 1 December 2018.
You can use the previous rates for up to one month from the date the new rates apply. The advisory fuel rates per mile for journeys undertaken on or after 1 December 2018 are:
Further to the recent guidance issued by HMRC and the confirmation in the Budget that this is still expected to be mandatory from April 2019 we have put together some further information. Please click here if you would like to find out more about the details.