Anna’s Accountancy Alerts – Week 11 (12th – 18th June 2023)

Anna’s Accountancy Alerts - Week 11 (12th - 18th June 2023)

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Companies House update

Companies House Direct (CHD) and WebCHeck will close on 30 November 2023.  

Users should use the Find and update company information service instead.  

Current features include:  

  • advanced company search 
  • dissolved company search 
  • company snapshot reports 
  • alphabetical search 
  • ordering facility for certificates, certified documents and missing images.

HMRC phasing out paper tax returns for 2023/24

HMRC have announced that they will be phasing out paper self-assessment tax returns and encouraging individuals to file online. Individuals under the age of 70 within self-assessment will no longer receive a paper form through the post or be able to download a form from HMRC’s website.

HMRC have written to almost 135,000 taxpayers to let them know of the changes. Anyone whose individual circumstances mean they cannot file online will have the option to request a form by calling HMRC.

Online sellers targeted for unpaid tax

Sellers on eBay, Etsy and Facebook Marketplace are among thousands who have received HMRC nudge letters with details about their potential tax liability.

The campaign started in January and the letters contain individual case reference numbers, suggesting that HMRC has detailed information on sales activity and invites individuals to respond within 30 days summarising their tax position and make a voluntary disclosure of their undeclared income within 90 days.

Anyone can sell goods up to the value of £1,000 a year without having to pay tax. Sales over that amount should be declared and taxed as income.

It is important to take action when a letter is received.

Keep up to date with all things Accounting and Finance with my bi-weekly Accountancy Alerts. 

Stay Up-To-Date With Coronavirus & Brexit News

Coronavirus has affected us all. Whether you’re a sole trader, employer or employee. Stay up to date with the latest news – including government support, tax implications, and more.