HMRC recently published a list of helpful reminders regarding the submission of monthly returns to HMRC. This article lists some of the points highlighted.
Each month contractors must send HMRC a complete return of all payments made to subcontractors within the scheme in the...
9 months 6 days ago
As many readers of our newsletter will be aware, HMRC is moving forwards with their digitisation of taxpayer VAT and Income Tax reporting requirements under their much publicised Making Tax Digital (MTD) initiative. We have reproduced below recent announcements made by HMRC on this...
9 months 6 days ago
The Annual Investment Allowance (AIA) is being increased from 1 January 2019 to £1m from the present base level set some years ago of £200,000. The increase is due to be available for two years, until 31 December 2020. At this later date, the AIA will presumably return to the £200,...
9 months 6 days ago
In his Autumn Budget delivered 29 October 2018, Philip Hammond made a number of promises including measures to improve the lack-lustre retail sector in our High Streets.
There is no doubt that the major online retailers have caused a major shift in the way we shop. As faster...
9 months 6 days ago
When you buy a new commercial vehicle, you will pay 20% VAT on the purchase price and in most cases this VAT can be reclaimed. This assumes of course, that the motor trader selling you the vehicle is VAT registered.
If you purchase a second-hand commercial vehicle there are three...
9 months 1 week ago
Did you know that there is going to be a Small Business Saturday on 1 December 2018? We have reproduced below some of the help that will be available.
Access finance available to support small businesses
Are you and your business looking to start up, scale up or stay ahead? Start...
9 months 1 week ago
March 2017 was the date we declared we were going to exit from the EU. This set the deadline for our national drawbridge to be raised on the rest of Europe at the 29 March 2019. This is the first time we have separated ourselves from our largest trading partner since we joined the...
9 months 2 weeks ago
The Chancellor picked out business investment as his preferred give-away to the business sector in his Autumn Budget 2018.
The Annual Investment Allowance is being increased from 1 January 2019, to £1m from the present base level set some years ago of £200,000. The increase is due...
9 months 2 weeks ago
In his Autumn Budget delivered 29 October 2018, Philip Hammond made a number of promises. One of these was measures to improve the lack-lustre retail sector in our city centre areas.
There is no doubt that the major online retailers, Amazon and the like, have caused a major shift in...
9 months 2 weeks ago
Personal Tax and miscellaneous matters
Personal Tax allowance
The personal Income Tax allowance for 2019-20 will be increased to £12,500 (2018-19 £11,850). It will remain at this increased level for two years.
Changes to personal tax allowances will apply to the whole of the UK...
9 months 3 weeks ago
Pages
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Driving and staying in the EU after 31 October 2019 https://t.co/wPkvkEtrYi -
Enhanced redundancy cover for parents https://t.co/co3FPB9Rit
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Low paid workers to qualify for sick-pay https://t.co/kTLsKyzGBE
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Internet giants face tax-hike https://t.co/P0QxjkWVEo
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Tax Diary August/September 2019 https://t.co/elhSv47A3r
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A new business, have you considered your options? https://t.co/SsEm0GzVY1
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Why invest in tax planning? https://t.co/fgXkdCIHJJ
