Electric vehicle why you should have one
With changes in the tax rules we look at the electric vehicle why you should have one. The take up of electric vehicles has so far been quite slow and with everyone's awareness of climate change and the phasing out of new petrol and diesel vehicles in 2035, the...
IR35 in the private sector – the latest
There is no clear path ahead for IR35 in the private sector with different organisations taking different views of how to deal with it: No one really knows what the end client is going to do at the momentSainsburys have said (very recently) that they will assess...
Sign up for Making Tax Digital for VAT
Step 1 of the process to keep your books electronically should have been completed by 1 April, now you need to Sign up for Making Tax Digital for VAT and the process is as follows: Click for the link on the gov.uk website then answer questions on the next few screens...
Budget 2018
The Budget 2018 had a few surprises up it's sleeve but alot of the measures seemed to be on hold until post Brexit and the subsequent spending review. Public spending is now in control and in the words of the Chancellor Philip Hammond "The era of austerity is finally...
HMRC Scams
It is easy to be mislead by HMRC scams as a client today discovered when he was called by someone claiming to be from HMRC alleging there was a warrant out for his arrest. Having spoken to HMRC as his agent they said that my client would definitely have know if there...
Tax for Missionaries
As a Christian accountant I get a number of calls regarding Tax for Missionaries, and what their status is. Anyone leaving the UK permanently becomes non resident from that point and they have no obligations to submit a tax return from that point unless they still...
Autumn Budget 2017
The autumn budget 2017 is the first of the new annual budgets, now the spring version has been deemed as not necessary. Nonetheless there was little of note and there were few surprises and much had already been released. The headline if any stemmed from maintaining...
Trivial benefits for employees
mpanies employing staff may find trivial benefits for employees a useful way of giving them a gift but without worrying about it affecting their tax while remaining allowable for tax by the employer. The rules allow payments of upto £50 to an employee as long as it is...
Spring Budget 2017
The Spring Budget 2017 delivered the expected attacks on the self employed and company business owners who give the economy so much of it's competitiveness and flexibilty which were reflected in the positive forecasts presented by the Chancellor Philip Hammond. After...
Leaving the VAT Flat Rate Scheme
Leaving the VAT Flat Rate Scheme is now likely for 100k businesses in the UK with the introduction of new rules for Limited Cost Businesses. The scheme was introduced to simplify reporting for smaller businesses but as a result of alleged abuse the door is now being...