News & Events | WDM - Part 4

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AAT warns of dramatic rise in self-assessment filing December 15, 2020

Lockdown restrictions and mounting pressure on businesses could combine to cause a ‘dramatic rise’ in self-assessment filing this tax year, according to the Association of Accounting Technicians (AAT). Almost a million self-assessment tax returns were filed late in the last financial year, but the situation has been worsened by the coronavirus (COVID-19) pandemic. The chances
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HMRC cracks down on marketing of tax avoidance schemes December 3, 2020

HMRC has teamed up with the Advertising Standards Authority (ASA) to act against misleading marketing by promoters of tax avoidance schemes. A joint enforcement notice aims to disrupt the activity of promoters and protect people from being presented with misleading adverts which may tempt them into tax avoidance. It requires promoters to be clear about
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Third SEISS grant opens as IPSE issues warning December 3, 2020

The third Self-employment Income Support Scheme (SEISS) grant is now open for applications. To qualify for SEISS grants, businesses must be adversely affected due to the coronavirus (COVID-19). They must either be currently trading but be impacted by reduced demand or have been trading but be temporarily unable to do so due to COVID-19. However,
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Chancellor presents Spending Review December 3, 2020

On 25 November Chancellor Rishi Sunak delivered his latest Spending Review to the House of Commons, and stated that the coronavirus (COVID-19) pandemic has caused ‘lasting damage’ to the UK economy. The economy is forecast to shrink by 11.3% this year and is not expected to return to its pre-pandemic size until the end of
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Self assessors warned to watch out for scammers posing as HMRC November 25, 2020

HMRC has warned self assessment taxpayers to be alert to the danger of scammers posing as the tax authority in the lead up to the tax return deadline. Every year HMRC issues thousands of SMS messages and emails as part of its push to remind people to file before the 31 January deadline. HMRC says
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