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Do you have a December year end?

December is probably the second most popular trading year end for businesses; the most popular being the 31 March. Your end of year planning should include a review of your results – prior to your year end – so that there is an opportunity to make any advantageous changes. From our...
2 months 1 week ago

Construction industry VAT changes 1 October 2019

Just one month to go until the so-called “Domestic Reverse Charge” will apply to VAT registered traders who are also registered to use the Construction Industry Scheme. There has been an awful lot of commentary in the press claiming that from 1 October, building contractors will be...
2 months 2 weeks ago

Tax-free annual party

If you are starting to look forward to the forthcoming end-of-year and Christmas celebrations, and we could all do with a bit of festive cheer, you may find the following article useful: it sets out the rules and regulations that qualify such events for a tax-free status: no benefits...
2 months 2 weeks ago

Why you may need an EORI number

The end of next month, 31 October 2019, is the latest deadline for our exit from the EU and the recent hiatus seems to be pushing the UK ever closer to a no-deal outcome. Accordingly, if you are involved in buying or selling goods to EU countries, you should apply now for an...
2 months 2 weeks ago

Autumn Budget 2019

If there was a measure of stability in UK politics, we would be expecting the usual dispatch-box presentation by the Chancellor before Christmas. The annual budget is usually presented November each year. This may still happen this year, but present uncertainties regarding the...
2 months 2 weeks ago

Changes to contractor VAT from 1 October 2019

We have alerted building contractors and sub-contractors in previous newsletters of changes to the VAT rules from 1 October 2019. In a nut-shell, if you are subject to the Construction Industry Scheme and if you are registered for VAT, from the 1 October 2019 you may need to change...
2 months 2 weeks ago

Are you making the most of Trivial Benefits

Earlier this year we highlighted the tax concession afforded by the so-called Trivial Benefit rules. We said: It is possible to make small tax-free payments to employees, including directors… Employers and employees don’t have to pay tax on such a benefit if all of the following...
2 months 2 weeks ago

Direct marketing director punished

If your company engages in direct marketing, you may want to consider the following case published by the Insolvency Service: A property renovation boss who caused his company to make more than 110,000 unsolicited marketing calls has been banned for five years. From its...
2 months 3 weeks ago

How fit is your business

In much the same way that we make judgements about our personal fitness: are we overweight, do we get enough exercise, do we eat the right food; similar judgements can be made about your business. There is also a raft of external pressures that we have to consider as individuals....
2 months 3 weeks ago

The 1972 Brussels Act has been repealed

If you doubted the resolve of our government regarding the implementation of the 2016 referendum the following announcement may clarify matters. The Government has signed into law legislation to repeal the Act of Parliament which set in stone Britain’s EU (EEC) membership in 1972....
3 months 2 days ago

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