Support for Carillion subcontractors

HMRC has published a press release following the financial collapse of Carillion. Given the current uncertainty for subcontractors, HMRC understands that some businesses will be experiencing problems paying their tax bill.
HMRC is reminding affected taxpayers that the Business Payment Support Service (BPSS), is available to help provide practical advice and guidance. The BPSS was first launched back in 2008 and is still available to taxpayers. The purpose of the service is to provide support

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Fish and chip shop directors banned

A recent investigation by the Insolvency Service has seen two married restaurant directors disqualified for a total of 5 years each. The Directors of Gambino Fish Ltd trading as Quality Fish, were the subject of an in-depth investigation by HMRC.
The investigation found that the directors caused or allowed the company to submit inaccurate statutory VAT returns. The company had failed to record all its cash takings and had therefore under-declared the VAT due to HMRC. As a result, HMRC raised a

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The end of credit card payment surcharges?

From 13 January 2018, it will become illegal for any business to charge a fee in addition to the advertised price of a transaction to consumers (widely known as surcharging). For example, a travel company charging more to use a credit card rather than a debit card or cash.
This change is being brought about by the introduction of the EU Second Payment Services Directive (PSDII) which the UK government is required to implement into UK law in order to meet its legal obligations and avoid

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Beware iTunes gift card scam

HMRC is warning members of the public of a worrying iTunes gift card scam. The fraudsters are cold calling victims purporting to work for HMRC and warning them that they owe HMRC large amounts of tax which they can only pay off using digital vouchers and gift cards, including those used for Apple’s iTunes Store.
Victims are told to go to a local shop, buy these vouchers, and then read out the redemption code to the scammer who remains on the line the whole time. These scammers are ruthless and

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