NEWS
Read our updates…
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...
Residential Landlords – Important Tax Update: Action needed now
If you own residential property that you let out to tenants, it is important that you take note of forthcoming changes in taxation. These major changes due to come into force in April 2020 will have a serious impact on the amount of tax you will have to pay if you are...
Happy New Tax Year!!
So, no sooner have we got everyone’s tax returns in for the 2017/18 tax year, the new year is upon us! We can now start submitting your tax returns for the 2018/2019 tax year, and there is no time like the present to get this done. Here are the benefits of early...
