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Making Tax Digital...Easy

Despite there being a lot of confusion surrounding making tax digital, it’s not as scary as it sounds...Everything you need to know about Making Tax Digital for VAT
So, what is Making Tax Digital?

Trusts Registration Service

HMRC has launched a new Trusts Registration Service (TRS), so that trustees can register their trust online and provide information on the beneficial owners of the trust. The new service launched in early July for trustees and replaces the 41G (Trust) paper form, which was withdrawn at the end of April.

MTD delayed by HMRC

HMRC has confirmed the requirements for digital quarterly reporting are being stripped back to cover only VAT in a revised road map for Making Tax Digital (MTD).

Making Tax Digital - Be ready...

Did you know that just as businesses are getting over the huge cost and upheaval from the Automatic Enrolment regime HM Revenue and Customs (HMRC) are introducing ‘Making Tax Digital’(MTD)?

Making Tax Digital - Be ready...

Did you know that just as businesses are getting over the huge cost and upheaval from the Automatic Enrolment regime HM Revenue and Customs (HMRC) are introducing ‘Making Tax Digital’ (MTD)?

VAT & TAX CHANGES-2017

A number of changes are set to take place in 2017, including changes to the VAT flat rate scheme which could significanly affect the tax liability of many small businesses. Therefore, it is important to...

Changes - New Dividend Tax Rules

Business owners and financial planners alike were surprised when the chancellor announced changes to the taxation of dividends in his Summer Budget statement...

Staff rewards - ideas and tax implications

Seemingly as quickly as it came, another year is galloping off into the distance and people’s minds are beginning to turn to the festive season. Employers will want to show their staff that the year’s hard work and dedication has not gone unnoticed.

There are many ways that an employer can go about rewarding their staff, from gifts and bonuses to parties...

Our Summer Budget Report 2015

No one quite knew what to expect in the first budget by a majority Conservative government for almost 20 years.In his seventh Budget Statement as chancellor, George Osborne promised a ‘big budget for a country with big ambitions'. Our report summarises the announcements that...

The 'New' Marriage Allowance

From 6 April 2015 married couples and civil partners may be eligible for a new tax break.
The new transferable tax allowance means spouses and civil partners can transfer up to 10% of their personal tax-free allowance to the other partner, which means £1,060 for the 2015/16 tax year.

Capital Allowances - NEW anti-avoidance rules for plant & machinery

Capital Allowances - NEW anti-avoidance rules for plant & machinery. The government announced the new rules on 26 February 2015. It's intention to remove the opportunity for tax avoidance in this area.

Advanced Payment Notices (APNs)

Legislation introduced on 17 July 2014 means that those who have used a tax avoidance scheme may have to make a payment in advance to HM Revenue and Customs (HMRC) in relation to their use of the scheme, before the final tax amount has been agreed or determined. This is known as an advanced payment.