insurance premium tax Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/insurance-premium-tax/ Chartered Accountants & Business Advisors Thu, 04 Jul 2019 20:57:20 +0000 en-GB hourly 1 https://wordpress.org/?v=7.1.3 https://www.wrloaccountants.co.uk/wp-content/uploads/2018/01/cropped-WRLO-logo-big-32x32.jpg insurance premium tax Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/insurance-premium-tax/ 32 32 July 2019 news https://www.wrloaccountants.co.uk/july-2019-news/ Thu, 04 Jul 2019 20:57:17 +0000 https://www.wrloaccountants.co.uk/?p=3027 In this month’s Enews we report on the tax gap, preparing employees for EU exit and the latest on MTD for VAT. We also update you on the latest guidance for employers, proposed measures to ensure small businesses get paid on time and self assessment payment on account confusion. Finally, we look at the new online tool for international investors and the consultation on the operation of insurance premium tax. Tax gap remains low Preparing the workforce for EU Exit MTD for VAT latest Employer Bulletin – latest guidance New measures to ensure small businesses get paid on time Payment on account confusion UK Investment Support Directory Consultation on the operation of Insurance Premium Tax Tax gap remains low HMRC has published a report showing that the UK tax gap in 2017/18 is estimated to be £35 billion.  This is 5.6% of total theoretical tax liabilities, and a small increase of 0.1% from 5.5% in 2016/17. HMRC therefore secured 94.4% of all tax due. The tax gap is the difference between the amount of tax that should be paid to HMRC compared to what is actually paid. Further details in the report show: the overall tax gap has fallen from […]

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