Self-assessment Scams
27 January 2022
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Self Assessment Scams are definitely not a thing of the past. Click to learn more about how to stay alert and avoid ingenuine ads.
What changes you should expect
Chancellor Rishi Sunak announced his commitment to the TAM day (30th of November), and the continued efforts to making the tax system as effective, modern and simple. On the day, 30 publications were released that included draft regulations as well as policy papers, corporate reports and more.
The government outlined more details regarding areas such as conclusions around business rates, administrative reforms, as well as their commitment to making tax affairs simple, modern, and effective to support taxpayers in staying compliant.
Publications such as a call for evidence to outline what role umbrella companies have in the labour market, reformation of registration for Income Tax Self-Assessment (ITSA) were released. A further Research and Development Tax Credits report was released which provides further details to changes to the incentive following the Autumn Budget. The report provides clarifications on two main points from the Budget announcement, including the expansion of qualifying expenditure to now include cloud computing and data costs which was a long-anticipated change, and the discontinuation of oversea expenses as a qualifying expenditure cost.
Self Assessment Scams are definitely not a thing of the past. Click to learn more about how to stay alert and avoid ingenuine ads.
Learn all about HMRC Tax Take Reduction and how the Coronavirus pandemic has affected tax collection. Click to read more.
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