Making Tax Digital
The Apparent Failure of the Self-Assessment System
“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 January 2019. This problem won’t be fixed before 31 July 2019.
Entrepreneurs’ Tax Relief in 2019: More Change Ahead?
“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 January 2019. This problem won’t be fixed before 31 July 2019.
Making Tax Digital for VAT
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 the House of Lords economic affairs finance bill sub-committee had heard from tax experts and business representatives. Surely the people in the know are businesses and tax experts rather than civil servants?
Making Tax Digital (‘MTD’), Deadline Looming
“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 to join the pilot without invitation. It will be interesting to see when this happens, which will be the true litmus test.
Are You a Personal Services Company (‘PSC’)?
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 providing personal services to a main business contractor, through their own Personal Service Company (PSC).
VAT – Building Complexity Next Year
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.
PAYE – Pay as You Earn – 2018 Update
If you are an employer, important deadlines are looming on a number of topics for the tax year 2017-18.
Thursday 5 July 2018
Receipt by HMRC of PAYE Settlement Agreement document.
Making Tax Digital? What This Means for UK SMEs
UK business is “very relieved” – EMI Share Schemes are back on track!
Have you been thinking of granting Enterprise Management Incentives to your key people?
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