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Category Archive for "VAT"

Is it the end of Accountants ?

HMRC expect their new initiative making tax digital will firstly raise the overall Tax take a particularly hot topic at the moment in this frenzied atmosphere of public sector cuts. Secondly it will increase tax simplification in opening up the

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What’s new in VAT?

In October 2016 changes to the VAT Flat Rate scheme were announced in order to stop the misuse of the flat rate VAT scheme. From April 2017 HMRC will introduce a new category of trader, a ‘limited cost trader’, with

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HMRC Digitalisation = End of the Accountant?

HMRC has issued details about its Making Tax Digital project which aims to help millions of businesses to get their tax bills right first time, without the need for an annual tax return. Sounds great but what is behind it

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5 big tax changes

1. Making Tax Digital From April 2018 Sole Traders and Partnerships earning £10,000 or more per year will need to make quarterly electronic submissions to HMRC declaring their income and expenditure for that quarter.  The submissions will need to be

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The Autumn statement

Nothing very spectacular here but in fairness there wasn’t very much to give away. Some of the projected future debt figures for the government are eye watering but we shouldn’t forget that we live in a relatively low tax economy

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March budget – how it affects you

The overriding theme in George Osborne’s latest budget was to help the working individual and small business owners in particular. A number of the changes will benefit lower and middle income earners.

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7 Reasons Start-ups should get an accountant early

Many start-up businesses can often run into trouble early on because they don’t get the right advice when starting their ventures.

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key deadlines this tax year

Key Deadlines this Tax Year

With 2015 drawing to a close, here’s a list of all the dates and key deadlines this tax year that you’ll need to remember when you’re filing your tax returns for the final quarter.

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Election Slip

What the election results could mean for your business

For the next few weeks, you will find that all politicians – regardless of party – want to be your friend. This isn’t necessarily because you have suddenly become very popular, but because the UK General Election is now tediously close, and polls are currently predicting that every vote will count for an overall election win.

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