Latest News

Are you registered for Making Tax Digital yet?
Posted: April 2, 2019

Launched on 1 April 2019, most VAT registered businesses are now required to comply with the new Making Tax Digital for VAT regime. However, many businesses may not be aware that they are required to register to use the new system and that this process can take up to seven working days to complete. If _ Read more

Spring Statement 2019
Posted: March 13, 2019

On any other day, the Chancellor’s Spring Statement would have dominated the headlines. However, with the UK’s scheduled withdrawal from the EU just days away, and the Prime Minister’s latest Brexit deal voted down by the Commons just hours earlier, this seemed more like a sideshow than the main event. The little speculation there was _ Read more

Making Tax Digital productivity boost expected to be worth billions to UK SMEs
Posted: March 5, 2019

New research suggests that the UK’s SMEs could benefit to the tune of as much as £57 billion over the next five years because of digital productivity improvements associated with HM Revenue & Customs’ (HMRC) Making Tax Digital (MTD) initiative. The report by research firm, Volterra Partners, anticipates a ‘digital snowball’ effect from the launch _ Read more

Delay in issuing Self-Assessment penalty notifications
Posted: March 5, 2019

While 93.68 per cent of the 11.5 million taxpayers who were required to file their Self-Assessment Tax Returns by midnight on 31 January did so on time, 731,186 missed the deadline. Those who missed the deadline will have to wait longer than in previous years to receive penalty notifications from HM Revenue & Customs (HMRC). _ Read more

New advisory fuel rates for company car users
Posted: March 5, 2019

New advisory fuel rates from 1 March 2019 for drivers of company cars have fallen for all but one class of vehicle. The rates apply where a business is reimbursing employees for travel in a company car, or where employees must repay the cost of fuel used when travelling in a company car in a _ Read more

Make the grandest romantic gesture and reduce your tax bill
Posted: March 5, 2019

Getting married or conducting a civil partnership ceremony is often the happiest day of most people’s lives but unfortunately almost one million married or civil partnered couples in the UK have not used up to £900 in tax relief available to them. The Marriage Allowance scheme currently allows couples to transfer up to £1,190 of _ Read more

Tribunal finds in favour of Middlesbrough FC in low pay claim
Posted: March 5, 2019

In a landmark case, Middlesbrough FC has effectively won the right to pay staff below the minimum wage by providing other benefits to them. In February, an employment tribunal at Teesside Magistrates’ Court overturned a ruling that the Championship football club had broken employment laws by deducting the cost of 2016/17 season tickets over several _ Read more

Are you making full use of the generous R&D relief scheme?
Posted: March 5, 2019

Hundreds of businesses across the UK enjoy tax relief totalling millions of pounds thanks to the Government’s generous R&D relief scheme. Last year nearly 40,000 claims were made for Research and Development (R&D) tax credits in the UK, almost double the amount made in the previous year. Businesses both large and small benefited from £3.5 _ Read more

National Living Wage to rise next month
Posted: March 5, 2019

From 1 April 2019, employers will be required by law to pay their employees the following minimum wages: Year 25 and over (National Living Wage) 21 to 24 18 to 20 Under 18 Apprentice Current rate £7.83 £7.38 £5.90 £4.20 £3.70 April 2019 £8.21 £7.70 £6.15 £4.35 £3.90 It is thought that this increase in _ Read more

Payroll sector prepares for key changes in 2019/20
Posted: February 5, 2019

The next 12 months will see a number of new changes to payroll policy that could have an impact on a wide range of businesses. To give an overview of how businesses could be affected by these changes, below are some of the highlights that employers will need to prepare for. Private Sector IR35 From _ Read more