NEWS
Read our updates…
IR35 “Domino Effect”
With the IR35 changes due to come into force from April 2020, large businesses are already either refusing to hire personal service companies or are imposing a “blanket” IR35 approach, whereby all PSCs will be treated as falling under the new rules.Lloyds, Barclays,...
HMRC – Brexit Customs Training and IT Grants Scheme
Whatever your opinion on Brexit, unfortunately it appears to be happening, by hook or by crook! As businesses, we should all make plans for 31st October, otherwise chaos will reign throughout the land. In an effort to assist businesses with the technical aspects of...
Warning about scams issued by HMRC
There have been reports of another surge of emails, phonecalls and text messages from scammers masquerading as HMRC. They may contain an email address or a phone number which looks very similar to the HMRC ones – but don’t be fooled. HOWEVER - there are...
Electric Cars – Update
Changes are being made to the way benefit in kind taxes are charged on electric cars with effect from April 2020 which will make company ownership of electric cars highly beneficial from a purely tax perspective. In short, a company can obtain 100% tax relief on the...
NHS Pensions ‘Tax Trap’
Following representations from a number of bodies, and as a result of a steep increase in waiting list times, the government has announced that it plans to review the pension rules which are causing a crisis in the NHS, just weeks after ruling out any discussions....
Construction Industry – VAT Domestic Reverse Charge
IMPORTANT INFORMATION FOR BUSINESSES WORKING IN THE CONSTRUCTION SECTOR The introduction of the Domestic Reverse Charge (“DRC”) for construction services will come into force on 1 October 2019 and we want to make sure all our clients are ready for the changes as there...
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...
