Shah Financial Services

12/11/2021

Newly formed HMRC team with £1bn recovery target goes after fraudulently claimed lockdown money.

Hundreds of companies set up after the government’s furlough scheme was established claimed up to £26.6 million from the taxpayer, The Times has learnt. Many of

09/11/2021

Around 24,000 HMRC customers with a Post Office card account have just three weeks left to update the department with new payment details before the 30 November deadline, or risk having payments paused.

Around 24,000 HM Revenue and Customs (HMRC) customers with a Post Office card account have just three weeks left to update the department with new payment...

09/10/2021

Just like the old days!

Online shopping boosts demand in lead-up to festive season

07/10/2021

National Payroll Week is perhaps a great time to share our furlough update.

The U.K. had about 5% of the workforce on furlough in the final month of the government program that paid the wages of those whose workplaces were closed during the pandemic.

The U.K. had more than a million people on furlough in the final month of the government program that paid the wages of those whose workplaces were closed during the pandemic.

24/08/2021

HMRC slapping HM Courts and Tribunals Service with a £12.5m tax bill.

Who do you think has to pay that bill ultimately? That's right, the taxpayers.

Maybe HM Courts and Tribunals Service should appeal this decision (to themselves, of course).

HM Courts and Tribunals Service has become the latest government department to fall foul of IR35 rules.

03/04/2021

Government seeks to make a digital tax system work for all - https://www.gov.uk/government/consultations/call-for-evidence-the-tax-administration-framework-supporting-a-21st-century-tax-system

17/01/2021

Two news that reflect the reality. The can be a terrible animal for some, but a friendly pooch for others.

1. https://www.theguardian.com/politics/2021/jan/10/hmrc-wave-fines-taxpayers-file-late-returns-due-covid
2. https://www.ft.com/content/e7ef0ec3-f4de-40f9-ad95-0e7587ac7e2d

Authority scrutinises arrangements of an unnamed number of global groups

07/01/2021

Boris Johnson hints at tax cuts to boost Covid-hit UK business https://www.ft.com/content/df2c4fa3-a181-4014-9d60-a885f7ab4b95

PM’s social media session highlights potential tensions to come between No 10 and chancellor over national finances

03/01/2021

Study from the Resolution Foundation has found that the top 1% had almost £800bn more wealth than suggested by official statistics. The revelation comes amid calls for ministers to consider a new wealth tax.

Official figures have missed £800bn of private assets, says thinktank, amid calls for wealth tax to fund Covid recovery

02/01/2021

Last minute 3 months grace period for exports.. unfortunately more confusion for businesses.

Government announces three-month grace period on customs declarations hours before transition period ends, leaving businesses scrambling to change plans

01/01/2021

No matter how hard the past is, you can always begin again.

30/12/2020

Behind every successful business, there is a great accountant!