NEWS
Read our updates…
Reminder – Paying your Self-Assessment Tax
I’m sure most have you have settled your Self-Assessment tax return bill by now, but for those of you that haven’t, just a friendly warning: Late payments: HMRC will automatically charge interest from 1st February on all late payments HMRC will add a fixed 5%...
Brexit – things to consider for your business
Brexit On 29th March – Brexit will happen, or something will happen, or not. Who knows? But every business will be affected in one way or another by Brexit or at least the uncertainty surrounding it. The following must not be read as a pro or anti- Brexit – just...
January 2019 – Personal Tax Return Season
Tax Return Deadline All personal tax returns for the year ended 5th April 2018 must be submitted no later than 31st January 2019. Late filing can lead to penalties of over £1,000. If your return has not already been submitted, or is not in hand, please contact...
Workplace Pensions
From 6 April 2019, the minimum amounts that both employers and employees must pay into the automatic enrolment pension scheme will increase. These changes are as follows: Currently, an employer is required to pay a minimum of 2% with the employee adding 3% to make an...
Should I buy an electric car through my company?
This is a topic which is constantly cropping up with our clients, as electric cars become more commonplace and are reducing in price. The following is a very brief rundown on the topic, as at October 2018. There are two aspects to company cars: How they are treated...
Quickbooks – a new qualification for Jo
Our super knowledgeable Practice Manager Jo Leggate has just become even more super! Jo has gained her Advanced Quickbooks Online qualification so whether you are new to Quickbooks, or want to make Quickbooks work even better for your company, give her a call or drop...
Chancellor’s Budget 2018
The Chancellor, Phillip Hammond, delivered his latest budget on Monday 29th October, and now that the dust has settled we can give you our version of events. Billed as an end to austerity, there were certainly some good points for businesses and individuals. Naturally...
Tax return Filing deadline
31st October is the deadline for filing tax returns in paper format. Some folk still like to use paper, but they have to submit tax returns much earlier than those who file online. If you normally submit your tax return through the Government Gateway or via your...
Scam calls
Watch out – there is a scam about (again) If you receive a phone call from someone purporting to be from HMRC, threatening to take court action or come and seize goods unless payment is received immediately, it is almost certainly a scam. Of course, if you already...
Autumn…
........Season of mists of and mellow fruitfulness. And Tax Returns Autumn has most definitely arrived, and our minds are now firmly concentrated on the tax return filing deadline of 31st January 2019. You might think that filling in a tax return is just like filling...
Making Tax Digital
HMRC have published a document entitled Making Tax Digital Research - Attitudes, Behaviour and Engagement, which reports on research undertaken to help HMRC understand how individual customers and agents respond to the core principles of MTD. The key objectives of the...
HMRC consult on BIK changes
Following the recent consultation covering the taxation of employee expenses (as announced in the Autumn 2017 Budget), draft Finance Bill 2018-19 contains proposals to amend some of the existing rules concerning travel and subsistence payments. BSRs and OSRs...
