Budget Summary 2018-19 – the key points

By | October 29th, 2018|budget, Business, tax|

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

By | October 18th, 2018|Business, Making Tax Digital (MTD), tax, Uncategorised|

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

By | October 11th, 2018|Business, tax|

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

By | October 11th, 2018|tax|

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?

By | October 11th, 2018|VAT|

The VAT Flat Rate Scheme, known as FRS, for small business's is a simplification scheme which allows VAT registered traders to work out the [...]

MTD- Are you prepared?

By | October 4th, 2018|Making Tax Digital (MTD)|

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

By | September 27th, 2018|business tips, tax|

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. [...]

VAT MOSS -New draft legislation

By | September 27th, 2018|tax, VAT|

All businesses who sell digital services (such as ebooks, online video etc) to non-business customers in other EU countries need to account for the VAT [...]

Marriage Allowance – New stats revealed

By | June 21st, 2018|tax, Uncategorised|

Recent government statistics have revealed that out of the four million eligible couples, around half are still not benefiting from the income tax Marriage Allowance [...]

Landlords Cash Basis of Accounting

By | June 14th, 2018|Uncategorised|

For returns from the period beginning 6th April 2013 a voluntary form of cash basis accounting was introduced  but only for unincorporated trading businesses with [...]

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