RTI Payment dates help those on Universal Credit
The Full Payment Submission (FPS) via RTI should be submitted to HMRC on or before the payroll payment date. This will be the day that [...]
Directors Tax Return -HMRC Advice now changed
It has long been an irritation to accountants that HMRC insist all directors must register for self-assessment and complete a directors tax return, even if [...]
VAT MOSS changes passed
The draft VAT MOSS regulations have now been passed. This means a de-minimise turnover threshold of £8,818 will apply to the VAT MOSS scheme from [...]
Budget Summary 2018-19 – the key points
The state of the Economy As announced by the Prime Minister the Era of austerity is @finally coming to an end' the chancellor repeated. [...]
Making Tax Digital (MTD) is steaming ahead
It was rumoured that the Minister for HMRC had to decide this month whether the Making Tax Digital (MTD) project should be stopped, postponed, or [...]
Benchmark scale rates – checking requirement to be abolished
Employers can opt to reimburse qualifying subsistence expenses incurred by their employees when travelling for work using the benchmark scale rates set by HMRC. This [...]
PAYE Coding out tax debts and underpayments
Self-assessment tax returns for 2017/18 need to be filed online by 31 January 2019. However, if an individual wishes to take advantage of the opportunity [...]
FRS (Flat rate vat scheme) Is it still a benefit?
The VAT Flat Rate Scheme, known as FRS, for small business's is a simplification scheme which allows VAT registered traders to work out [...]
MTD- Are you prepared?
HMRC say the driver behind making tax digital (MTD) is to reduce human errors which may be introduced into the accounting records by retyping, or [...]
Childcare Vouchers provided by Employers
Employer provided childcare vouchers can only be provided to employees, so the self- employed can’t take advantage of the tax and NIC savings they bring. [...]