Apr 24, 2019 | Making Tax Digital, Tax
“If You Don’t Ask, You Don’t Get…” Is an adage that HMRC probably knows all too well at the moment. Due to a failure of the HMRC self-assessment system, some taxpayers haven’t been informed of the amount of tax to pay on account by 31...
Jan 15, 2019 | Budget, Making Tax Digital, Tax
If you were hoping to get Entrepreneurs’ Tax Relief when you make a Capital Gain on business assets there are new rules coming in if you make a disposal after 5 April 2019. These could make a substantial difference to what you take home after a successful share sale....
Dec 10, 2018 | Making Tax Digital
With Less Than 4 Months To Go, Making Tax Digital for VAT is Looking Like a Car Crash Waiting to Happen…. These aren’t our works. Making Tax Digital (‘MTD’) for VAT is in a mess! The ‘car crash’ reference was uttered recently after...
Nov 2, 2018 | Budget, Making Tax Digital, Tax
“The hurrier I go, the behinder I get!” Alice In Wonderland, Lewis Carroll HMRC is currently piloting Making Tax Digital (MTD) for VAT but this is by invitation only. Once HMRC is satisfied that things are working as expected, it proposes to allow business...
Oct 1, 2018 | Making Tax Digital, Planning, Tax
Keep Calm and Carry On Contracting? But, are you a Personal Service Company? “IR 35” was the 1999 Inland Revenue pamphlet that explained to companies they could be liable for paying a kind of payroll tax. This was for any “one-man” or “one-woman” Director business...
Jun 28, 2018 | Making Tax Digital, Tax, VAT
The Reverse Charge Mechanism is Coming HMRC is planning to introduce new rules to combat construction fraud. The changes are a long way off, but we want to tell you about this now in case you haven’t heard about this yet. The really fine detail won’t be decided by...
