by Admin 2 | Mar 21, 2019 | Business Success, HMRC, Tax
Self Employed? If you’ve made the decision to move towards working for yourself, you should consider if you want to be a sole trader, a shareholding director of a limited company, or trade as a partnership. Once you’ve decided, you will need to inform HMRC. So,...
by Admin 2 | Feb 4, 2019 | HMRC, Making Tax Digital, Tax, Technology
MTD for VAT Pilot is Now… Open to All You may have heard that, on 10 January 2019, HMRC announced that their Making Tax Digital for VAT (MTDfV) pilot was now open. As such, it is accessible to all those mandated to keep digitally compliant records and to file...
by Admin 2 | Dec 6, 2018 | HMRC, Tax
‘Tis The Season for Gifts… And Taxes… Christmas Is The Time For Giving If you are thinking about making gifts this Christmas, you should take advantage of the various inheritance tax (IHT) exemptions and reliefs available to you. But you should also bear in mind...
by Admin 2 | Nov 5, 2018 | HMRC, Tax
Autumn Budget 2018: More Money For NHS And An End To Austerity? As previously announced, these were the main themes of the Chancellor Philip Hammond’s third Autumn Budget, but what we were waiting to hear was, where the extra money was going to come from? Had he found...
by Admin 2 | Oct 8, 2018 | HMRC, Tax
Class 2 NICs To Continue For Self-Employed In 2016, the government consulted on a proposed abolition of Class 2 National Insurance contributions (NICs) for the self-employed. If you are self-employed, this flat rate contribution, currently £2.95 a week is payable in...
by Admin 2 | Aug 2, 2018 | HMRC, Making Tax Digital, Tax
Making Tax Digital For VAT Guidance Issued HMRC have now issued their detailed guidance on the digital record keeping and return requirements for Making Tax Digital (MTD) for VAT. VAT Notice 700/22 clarifies that spreadsheets may still be used to keep your business...
