Trade and Customs: Commodity Codes
A figure of Captain America (think Marvel comic books), the Tin Man, some Norse gods and Grey Worm from ‘Game of Thrones’ all came before the tax tribunal recently. It was a case about commodity codes, and the dispute turned on whether they were dolls representing...HMRC eyes potentially underdeclared dividend income
HMRC is using its data analytic powers to contact taxpayers where it thinks there’s a chance that income has been overlooked. What it’s interested in is income from distributions or dividends. It has been looking at company accounts, and where it has identified a...Minimum wage
A reminder that minimum wage rates changed on 1 April 2024. The new hourly rates are: £11.44 for workers aged 21 and over (this rate is referred to as the National Living Wage); £8.60 for those aged 18 to 20; £6.40 for those under 18 and over school leaving age. This...Real or fake? How HMRC communicates
Out of the blue, a text or phone call claiming to be HMRC.
Construction industry tax compliance
New change raises the bar for gross payment status (GPS).
