HMRC will go after company directors for furlough fraud

Desi KolevaAvailable Support & Benefits, Business Support & Advice, Companies (Ltd, LLP, Charity, Etc), News, Self Employed & Freelancers

HM Revenue & Customs has published a draft legislation where it warned it will impose a penalty on directors and sole traders who deliberately flout the rules of the government’s coronavirus furlough scheme. HMRC will recover the payments with penalties where recipients were not entitled and payment is not used to pay employees under:  the Self-Employment Income Support Scheme (SEISS); the … Read More

Breaking News – VAT Alert

Desi KolevaNews

The current government position is that the UK will leave the European Union on 31st January 2020. This will have an impact on EU VAT refund claims (formerly known as 8th Directive Claims). The latest guidance published on the HMRC Website 18th September 2019 advises that it will not be possible to use HMRC’s VAT online services to claim a … Read More