March 29, 2020

Government Aid for Self Employed & Small Businesses

Please see the links below for the latest updates on measures available for businesses, self employed and employees.

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-1...

July 29, 2018

HMRC issued a new VAT Notice 700/22 on 13 July 2018 re Making Tax Digital for VAT. 

In this they gave more details as to how MTD will be implemented, along with a list of 18 software providers with MTD ready products.

The notice provides more details with regard to what...

March 2, 2018

Who is affected?

Any business or trader with an annual turnover in excess of £85,000 (the current VAT threshold), will be required to enter in to the Making Tax Digital (MTD) regime.

When does MTD come in?

Any business that falls in to the MTD regulations will be required...

March 1, 2016

As from 1 April 2016 big changes are being brought in that will affect all small companies where previously directors received a salary and dividends from their company. Where previously no addittional tax was payable on dividends received as long as you were a basic r...

February 8, 2016

A recent case has come to light where HMRC have challenged the normal treatment of vans and pick ups fitted with a second row of seats. An already grey area with no apparent definitive ruling by HMRC just seems to have become even more confused and murkier, with differ...

January 4, 2016

Property investors have set up a crowdfunding webpage to fund a judicial review in to the taxation changes to be imposed on buy to let landlords.

They hope to be able to appeal against the new "Clause 24" on the long established principle that expenses incurred wholly a...

January 4, 2016

According to current HMRC figures the amount of money in tax avoidance schemes has fallen from £3.2bn in 2013 to just £1bn.

 

http://www.telegraph.co.uk/financialservices/12077467/HMRC-hails-success-of-tax-avoidance-clampdown-on-UK-banks.html

January 4, 2016

House prices are expected to continue to increase during 2016 due to under supply of homes

 

http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/12074014/uk-house-prices-nationwide-homes-property-london.html

December 15, 2015

Important changes to your personal tax affairs and the way you communitcate with HMRC are on the way! 

 

http://www.accountancyage.com/aa/news/2439072/live-online-tax-accounts-set-to-kick-off

November 10, 2015

Important changes to the decision of whether to take salary or dividends are coming as from 2016.

 

Getting your remuneration strategy right for 2016 and beyond is at the forefront of many business owners’ and tax practitioners’ minds.

 

This is particularly the case...

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Changes in taxation of Dividends

March 1, 2016

As from 1 April 2016 big changes are being brought in that will affect all small companies where previously directors received a salary and dividends...

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March 29, 2020

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