DOES THE VAT MAN OWE YOU SOMETHING?

Imagine getting a cheque for £160,000 from HMRC!   Value Added Tax (VAT) is an extremely complex tax.  Even the most experienced bookkeepers can and do make serious errors – particularly if they are dealing with the more complicated areas of VAT. We undertake...

VAT – Direct Debit Payment “Teething Issues”

This is an important note for businesses which recently migrated to Making Tax Digital. It appears that there have been some errors in the way HMRC is collecting VAT payments since the move to MTD. When your company moved over to MTD, HMRC will have contacted your...

Self Assessment – July 2019 Payments on Account

Second payments on account for the year ended 5 April 2019 are due to be paid to HMRC by 31 July 2019. Unfortunately, due to a glitch in the HMRC statements system, you may not receive a demand from HMRC for the payment.  HMRC had a similar problem in 2018, but we...

Introducing our new Team Member!

We are thrilled to announce that Ashley Sinfield has joined our accountancy team. Ashley read Mathematics at the University of Bath and joins us from her previous position in Mayfair.  Ashley is full of fresh ideas to help improve life for our clients. With a taste...

GDPR Regulations

The EU General Data Protection Regulation (GDPR) came into force on 25 May 2018 and its primary aim was to give control to individuals over their personal data. If any business breaches these regulations, they can be fined up to €20 million or up to 4% of the annual...

High Income Child Benefit Tax Charge

The High Income Child Benefit Tax Charge (“HICB”) has been around since January 2013, and most families are aware of its existence. However, there are still aspects of the HICB about which affected families must take notice.  And we still find people who are totally...