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 [...]

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 [...]

Trading loss relief denied as football agent loses appeal

By | May 25th, 2018|tax|

In the case of Jerome Anderson v HMRC which was heard by the Upper Tier Tribunal the decision by the First Tier Tribunal to disallow [...]

Child Benefit Clawback- a case taken to First Tier Tribunal

By | April 12th, 2018|tax, Uncategorised|

The high income child benefit charge (HICBC) is the mechanism, to clawback child benefit. In brief, a high earner has to pay more tax to [...]

Tax News Round-up March 2018

By | March 29th, 2018|Business, tax, Uncategorised|

NO MAJOR TAX CHANGES IN CHANCELLOR’S SPRING STATEMENT As announced last year, the Chancellor’s Budget will in future take place in the Autumn each [...]

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