From HMRC this week – and worth remembering at all times:
“Customers are advised to lookout for a new bogus email scam, claiming to be from HMRC.
If you receive an email with a subject that reads “You have received new messages from HMRC”, that also has an attachment, please send it to firstname.lastname@example.org and then delete it.
HMRC will never ask for any personal, or financial details over emails or text messages.
For more advice on scams, phishing and genuine HMRC contact, please visit GOV.UK
and search ‘phishing’.”
Many taxpayers have been receiving this email alert from HMRC :
You’ve got a new message from HMRC
You have a new message from HMRC about Self Assessment.
To view it, sign in to your HMRC online account.
For security reasons, we have not included a link with this email.
Why you got this email
Question: You do a little bit of buying and selling on ebay (or other sundry sales/income earned) and make a few hundred pounds per year profit on this. Do I need to declare this on my tax return?
I’m often asked this question by clients – although most of them hope dearly to make more than a few hundred pounds with their writing! – but in some cases it doesn’t go that way. HMRC recently brought in a new allowance to cover these sundry sales. There’s more detail on the HMRC website
, and I’ve also excerpted a good summary below from JF Financial, an online accountancy practice. One important thing I’d ask you to bear in mind – this allowance applies to your PROCEEDS, not the profit you make.
Spare a thought for accountants and their clients this weekend, and anyone who’s wrapping up personal tax returns in the final month before the deadline of 31 January – the HMRC online access has been “down” since at least Thursday, and submissions are waiting in a draft limbo. Here’s hoping it’ll be up and running again soon, HMRC are diligently working on it. Maybe we’ve broken the system, leaving too many submissions to the last minute! 🙂
*makes note to chase clients for details even earlier next year*
HMRC will no longer accept payments by personal credit card after 12 January 2018.
This is the face of your future communication with HMRC on any kind of tax. They would like us all to communicate online, via a GOVERNMENT GATEWAY NUMBER.
From there you can set up an online account called a Personal Tax Account, so you can access at any time your tax position.
You can also use it to register for self-employment, including the range of taxes that may then be applicable. You can monitor these taxes through your Business Tax Account, including making your regular payments.
I have several clients who are pensioners with a small amount of taxable income – whether or not they pay tax on it, depending on the amount – who are still being asked for a self-assessment return. I think this new initiative from HMRC may cover that more satisfactorily in future, though I’m cautious if (i) it would override any actual tax calculation, and (ii) it means a return to paper communication.
As yet there is still no detailed guidance available on gov.uk concerning simple assessments, but we expect some guidance to appear in the next two weeks.
The policy paper for simple assessments suggests that this new procedure will be used where the taxpayer’s main source of income is taxed under PAYE, but he or she also has up to £10,000 of other taxable income or gains. This income threshold has not been included in the legislation.
Don’t be alarmed or startled if you receive a message like this in your inbox this/last month! It’s from HMRC, and if you’re paying tax under Self Assessment, almost certainly about the fact that another tax year has passed and so you’ll need to file another, annual tax return.