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Tax Diary November/December 2018

1 November 2018 - Due date for Corporation Tax due for the year ended 31 January 2018. 19 November 2018 - PAYE and NIC deductions due for month ended 5 November 2018. (If you pay your tax electronically the due date is 22 November 2018.) 19 November 2018 - Filing deadline for the...
2 months 3 days ago

Saving the High Street

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...
2 months 3 days ago

Are you about to buy a second-hand commercial vehicle?

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...
2 months 4 days ago

Small Business Saturday - 1 December 2018

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...
2 months 1 week ago

Are you in training for the Brexit Marathon?

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...
2 months 1 week ago

Up to �1m tax break for investment in qualifying assets

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...
2 months 2 weeks ago

Did Philip Hammond save the High Street?

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...
2 months 2 weeks ago

Autumn Budget 2018

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...
2 months 2 weeks ago

Taxing dividends

To reduce National Insurance costs, shareholders of small privately owned companies, who are also working directors of the company, can presently restructure their remuneration package to reduce their salary and make up the difference as dividend payments. Unless this strategy is...
2 months 3 weeks ago

Exporting goods to the EU with a no-deal Brexit

Last week we considered the effects of importing goods from the EU if a no-deal Brexit occurred. This week we are considering matters that government has published for exporters to the EU. A summary of the comments made in recent announcements is reproduced below. After the UK...
3 months 13 hours ago

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