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...
6 months 6 days ago
This article considers the question: should businesses invest in new equipment or other long-term capital acquisitions at this time?
In truth, no one knows what the impact of the Brexit will be? Brexiteers believe that the floodgates will open, and the rest of the world will rush to...
6 months 1 week ago
In order to qualify as a deduction for tax purposes we have to demonstrate that the expenditure was incurred “wholly and exclusively” for the purposes of our business or employment.
We will also need to consider a further criterion: where the expenditure has a duality of purpose....
6 months 1 week ago
Although the Brexit issue is not yet decided it may be salutary for businesses to consider the changes they will need to face if we depart with a no-deal Brexit. We have touched on these issues in past articles posted on this blog, but today we have reproduced the present regulations...
6 months 2 weeks ago
Companies House have published a list of bizarre excuses for the late filing of their statutory accounts. They include:
“goats ate my accounts”
“I found my wife in the bath with my accountant”
“pirates stole my accounts”
“we delivered the accounts to the betting office next door...
6 months 2 weeks ago
HMRC is still required to obtain certain returns from you even if there is no income or tax to declare. Failure to submit will likely trigger late filing penalties and unfortunately, pleading ignorance of your obligations to file “nil” returns is not a reasonable excuse.
Which begs...
6 months 3 weeks ago
Suppliers who sell goods and services to larger concerns often find that the terms of their supply, limits or bans the process of factoring the debts to release funds into cash flow.
Cynically, this could be seen as a method these larger customers have used to control options...
6 months 3 weeks ago
HMRC has about-faced regarding the ban on using spreadsheets to work out your VAT return data from 1 April 2019, when the new requirement to file VAT returns using Making Tax Digital (MTD) format is introduced.
Bowing to pressure from industry, the accountancy profession and...
6 months 3 weeks ago
Options for reducing the impact of taxation on our earnings are somewhat limited. That said, there are still opportunities that will keep you the right side of the law and will increase the take home pay of employees.
One such opportunity available to employers is to pay so-called...
6 months 3 weeks ago
1 October 2018 - Due date for Corporation Tax due for the year ended 31 December 2017.
19 October 2018 - PAYE and NIC deductions due for month ended 5 October 2018. (If you pay your tax electronically the due date is 22 October 2018.)
19 October 2018 - Filing deadline for the...
6 months 3 weeks ago
Pages
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When do you pay capital gains tax? https://t.co/IVozT5gROn -
What is a Debt Relief Order? https://t.co/oDvXY1XXY7
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Green light for pension dashboards https://t.co/2phmRlCvrV
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Tax-free property and trading allowances https://t.co/mtOkGOp8Tt
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What will HMRC avoid telling you? https://t.co/JCdEG9RqNF
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Spring Statement March 2019 https://t.co/gqc2MZ4Wdf
