Anna’s Accountancy Alerts – Week 39 (25th – 31st December 2023)


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.

Scam warning

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

Outstanding payments

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

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.