Search

Page 2 of 5

Staff Clothes

Staff Clothes If you provide clothes for your staff to wear at work you need to be aware of the tax and VAT implications which may vary according to the items provided. Where the items pro...
/news/staff-clothes.htm

MTD (Making Tax Digital) update – When will this be mandatory?

HMRC's pilot of Making Tax Digital (MTD) for income tax has been extended and is now able to accept quarterly updates from individual landlords with simple tax affairs. We as agents can also si...
/news/mtd-making-tax-digital-update--when-will-this-be-mandatory.htm

New NIC treatment of termination payments to align with Income Tax

New NIC treatment of termination payments to align with Income Tax The National Insurance Contributions Bill was introduced into Parliament on 25 April 2019. The Bill contains provisions design...
/news/new-nic-treatment-of-termination-payments-to-align-with-income-tax.htm

Spring Budget 2017 - Individuals

Individuals Personal allowance and income tax threshold The personal allowance for 2017/18 is set at £11,500 (£11,000 in 2016-17), and the basic rate limit will be increased to ...
/news/spring-budget-2017---individuals.htm

Q. I am an IT consultant and I provide my services via my limited company, which operates outside...

Q. I am an IT consultant and I provide my services via my limited company, which operates outside the IR35 rules. I started working on my current contract just over two years ago - although when I ...
/news/q-i-am-an-it-consultant-and-i-provide-my-services-via-my-limited-company-which-operates-outside-th.htm

Late Filing Penalties - Mandatory regular submissions payroll - RTI

Late Filing Penalties - Mandatory regular submissions payroll - RTI From 6 October 2014 the HMRC computer will automatically issue you with a penalty if you submit your full payment submission ...
/news/late-filing-penalties---mandatory-regular-submissions-payroll---rti.htm

Forms P11D and P9D

Forms P11D and P9D The forms P11D and P9D need to be submitted to HMRC by 6 July 2015 where expenses or benefits were provided to your employees in 2014/15, this also applies to directors ...
/news/forms-p11d-and-p9d.htm

Tax Efficient Life Cover

Tax Efficient Life Cover   Would you like to pay for your life cover in a more tax efficient manner? Then why not consider a Relevant Life policy!  Relevant Life Policies are ...
/news/tax-efficient-life-cover.htm

Tax Efficient Cars

Tax Efficient Cars There are quite a few types of car which have CO2 emissions of no more than 110g/km; including certain models of the Mini Cooper, Toyota Prius, Smart, and Fiat 500. If your c...
/news/tax-efficient-cars.htm

When are tips taxable and/or included in the National Minimum Wage

When are tips taxable and/or included in the National Minimum Wage Confusion often arises regarding tips and gratuities as the tax and NIC treatment depends on how they are paid to the recipien...
/news/when-are-tips-taxable-andor-included-in-the-national-minimum-wage.htm

HMRC win IR35 appeal – this shows IR35 rules

HMRC win IR35 appeal – this shows IR35 rules can be enforced retrospectively HMRC have won a significant appeal concerning the application of employment intermediary’s legislation t...
/news/hmrc-win-ir35-appeal--this-shows-ir35-rules-.htm

Tax Free Child Care Account - BEWARE: Raising awareness for Parents:

Parents who sign up for the tax free child care account will lose the 70% tax credit element of their working tax credits. Some parents are better off and some are certainly not. Our advice is to c...
/news/tax-free-child-care-account---beware-raising-awareness-for-parents.htm

Off-site daytime business meetings

Q. If I take my staff away overnight for an off-site daytime business meeting and evening social function, will the costs be tax deductible for corporation tax purposes?  A. The cost...
/news/off-site-daytime-business-meetings.htm

National insurance

National insurance Immediate changes  Rates for 2015/16: Class Weekly or annual earnings  Rates  ...
/news/national-insurance.htm

Expenses and Benefits Reporting

Expenses and Benefits Reporting The deadline for submitting the annual returns of expenses and benefits (forms P11D and P9D) to HMRC is 6 July 2013. The form P11D (P9D for those paid less ...
/news/expenses-and-benefits-reporting.htm
FREE Newsletter

Keep in touch with changes that could affect you.

Sign up here