HMRC pushes for DIY repayment claims
HMRC says that if you think you’re entitled to claim a refund for job-related expenses it’s better to make the claim yourself rather than lose part of the refund to a tax repayment firm. It now provides special guidance and an online tool to help with making a claim.
Self-assessment taxpayers must be on the lookout for scam texts, emails and phone calls from fraudsters, HMRC was warned.
With around 12 million people expected to submit a self-assessment tax return for the 2022/23 tax year before the 31 January 2024 deadline, fraudsters will prey on taxpayers by impersonating HMRC.
The scams take different approaches. Some offer a rebate; others tell taxpayers that they need to update their tax details or threaten immediate arrest for tax evasion.
Internet link: HMRC press release
Online platforms should commit to paying small businesses within a maximum of thirty days in line with the Prompt Payment Code, according to the Federation of Small Businesses (FSB).
The FSB has set out a range of proposals to protect small business owners who use online sales platforms to ensure that small firms can make the most of the
Internet link: FSB website