At Howard Roth we are delighted to announce that we are the latest firm selected to join Handpicked Accountants. Launched in 2017 and backed by the professional services company Begbies Traynor, Handpicked Accountants is an exclusive network comprised of the … Continue reading
Author Archives: Howard Roth
Public pilot of Making Tax Digital for VAT opens
HM Revenue & Customs (HMRC) has opened a public pilot of Making Tax Digital (MTD) for VAT. The pilot is open to sole traders and companies that are up-to-date with VAT, who have not received a default surcharge in the … Continue reading
Payee names to be required for bank transfers in effort to combat fraud and errors
From next year, payee names will be checked when making bank transfers in order to ensure that funds are being sent to the correct recipient. Currently, only the sort code and account number are checked when making a transfer, something … Continue reading
HM Revenue & Customs to review and rework some 2016-17 self-assessment tax returns following error
The Chartered Institute of Taxation (CIOT) has warned that HM Revenue & Customs (HMRC) is to review and potentially rework as many as 30,000 self-assessment tax returns that were filed online for 2016-17 owing to concerns that its tax calculator … Continue reading
R&D Tax Credit system to be reviewed in light of fraudulent claims
According to figures released in the Autumn Budget, HM Revenue & Customs (HMRC) has prevented around £300 million of fraudulent R&D tax credit claims since the relief was introduced. In a bid to prevent further abuse of this tax relief, … Continue reading
