Tag Archive: HMRC
The twin-cab pickup makes a U-turn
Posted 6th March 2024 at 11:42 am
In an announcement made on 19 February, the government made a surprising U-turn and confirmed that twin-cab pickup vehicles with payloads of 1 tonne or more will continue to be treated as goods vehicles for both capital allowances and benefit-in-kind purposes. On 12 February, HM Revenue & Customs (HMRC) had updated its guidance on the tax treatment of twin-cab pickups following a 2020 Court of Appeal judgment. The guidance had confirmed that, from 1 July 2024, twin-cab pickups with a payload of one tonne or more would be treated as cars rather than goods vehicles for both capital allowances and... Read more
HMRC Annual Report
Posted 22nd August 2023 at 2:50 pm
HMRC’s annual report was published last month, and it shows that they failed to meet many of their key customer services measures in 2022-23. Customer satisfaction dropped to 79% from 82% last year and telephone performance has also declined with an average wait of 16 minutes to get through to an adviser. 63% of callers waited more than 10 minutes, with an average wait-time of over 20 minutes in January to March 2023. To their credit, HMRC have improved their correspondence reply time to 73% cleared within 15 days from 46% in 2021-22.HMRC thinks the solution lies in the use... Read more
HMRC shows interest in R&D claims
Posted 23rd March 2021 at 12:18 pm
In recent weeks, HMRC have issued a number of informational letters to companies that have previously claimed R&D tax relief. These letters advise companies to check that their previous R&D claims meet the Business, Energy and Industrial Strategy (BEIS) guidelines, and to amend any claims made in error. The letter states that during compliance checks carried out by HMRC there have been particular issues with software claims, because the software claimed for does not create an advance in the field of software development. In addition there have been issues with claims that do not seek to make scientific... Read more
Is that email REALLY from HMRC?
Posted 17th May 2019 at 10:48 am
Fake, fraudulent, or phishing emails are an unfortunate side-effect of the digital age. With fraudsters using ever more sophisticated technology to make their emails look legitimate, how can we tell genuine HMRC emails from the fakes? You might think that you just need to look at the email address to see if an email is from a legitimate source. This used to be the case, but now fraudsters have the ability to spoof email addresses, so they can make it look like their phishing email is from a legitimate HMRC email address. This means we have to look for other... Read more