Making Tax Digital for VAT Submissions now exceed 180,000. Are you ready to submit? Since 1 April 2019 when Making Tax Digital for VAT became a requirement for the majority of customers with turnover above the VAT threshold, the service has gone from strength to strength. Over 325,000 customers have registered for the service and
It is important for those with tax credits entitlement, to comply with the instructions on their annual renewal form ahead of the 31 July 2019 deadline. Income reporting at renewal is for the 2018-19 tax year. This includes net profit from self-employment. If they have other income, for example: dividends, investment income, interest, pensions or
Have you supplied a benefit to your employee (that includes yourself as a Director) – if so you will need to submit a P11D by 6th July – this can be done through you payroll and you need to notify us as soon as possible. P11D and P11D(b) Filing and Payment Deadlines You need to tell
More than two thirds of EU citizens in the UK are currently here for work. If they want to continue living and working in the UK after it leaves the EU, these citizens, and their family members, can apply now to the EU Settlement Scheme (EUSS). IF YOU’RE AN EU CITIZEN LIVING IN THE UK
Find out about Making Tax Digital for VAT, how to keep records and send VAT returns in this range of online guidance from HMRC. Join our live webinars where you’re able to ask questions using the on-screen text box. VAT Flat Rate Scheme: It’s not too late to join this webinar later today. Find out whether
If you’ve recently started a business and need some basic facts, our digital products can help. Self-employment and HMRC – let’s get started: Get going with this live webinar aimed at anyone new to self-employment. It includes overviews of record keeping, business expenses and budgeting for your tax bill. Ask your questions using the on-screen text
The personal tax account (PTA) is effectively Making Tax Digital for individuals. Ultimately, HMRC’s intention is to develop a full range of services to allow taxpayers to self-serve without having to contact HMRC by phone or post. Although developments to the PTA have temporarily stalled because of the demands on HMRC resources created by Brexit,
If you’re running a VAT-registered business, we have lots of online help, including live webinars, videos and online guides to support you. Don’t forget, you can ask questions during our live webinars using the on-screen text box. VAT accounting schemes: This webinar covers the annual accounting scheme, cash accounting scheme and the flat rate scheme –
HMRC has support for employers as they complete their annual reports on expenses and benefits. PAYE – End of year expenses and benefits (P11D): Join this live webinar where we’ll use examples to show you how to enter the most common benefits on the form P11D – including medical insurance, company cars and vans, and paying mileage
HMRC’s live webinars can help you get to grips with the payroll implications of paying expenses and providing benefits to your employees. They include: Expenses and benefits – social functions and parties: Find out how to deal with tax and National Insurance when providing employees with annual social functions such as Christmas parties and summer barbecues.
Closing a company using the striking off process is used to bring companies to an end. In an ideal world, with agreement between directors/shareholders, no debts and for the sake of the completion of a few formalities, Companies House does the administration for you all for the princely sum of £10. The striking off regulations
HMRC can help you with the changes affecting VAT-registered businesses with a taxable turnover above £85,000. You can ask questions during the following live, interactive webinar using the on-screen textbox. Making Tax Digital for VAT Providing an overview of Making Tax Digital, we’ll tell you about digital record keeping, compatible software, signing up for Making
For help with business expenses, there’s online support for the self-employed from HMRC. From short ‘how to’ videos to live webinars and online guides – there’s something for everyone. We have a number of short videos for the self-employed available on HMRC’s YouTube channel. The following live webinars are interactive – simply ask your questions throughout, using
Find out about expenses and benefits provided to employees, with help from HMRC. You can book a place on our live webinars and ask questions using the on-screen text box. Expenses and benefits – trivial benefits: This webinar explains trivial benefits, whether they need to be reported and what your responsibilities are. Choose a date and
Please note that we do have to Money Lauder all our clients every 3 years in order to keep in line with the latest legislation. Please do not get offended if we are asking you for the same information again and again, I appreciate you may still have the same passport and you may not
Whether you’re a new or experienced employer, get the latest information on statutory payments with this selection of online support. Join our live webinars where you can ask questions using the on-screen text box. They include: Statutory Sick Pay: We’ll show you what to do when an employee is unable to work due to illness, how
Source of reference – ACCA Employees and self-employed can claim certain reliefs when they work from home. This will depend on a number of conditions. Employees working from home It is a condition for tax relief under section 336 ITEPA 2003 that the expenses must be incurred ‘wholly and exclusively’ in the performance of the
Are you ready for Making Tax Digital for VAT? HMRC has a range of products to help you with the changes. This live webinar is interactive, so you can ask questions using the on-screen text box. Making Tax Digital for VAT: If you’re a VAT-registered business with a taxable turnover above £85,000, find out what’s changing,
HMRC offers online help with payroll tasks including expenses and benefits provided to employees. There are several short videos on our YouTube channel including ‘Payroll software and sending reports to HMRC‘. Or join our live webinars, during which you can ask questions using the on-screen text box. Expenses and benefits – phones, internet and homeworking
Content reference – Croner Taxwise The National Minimum Wage (#NMW) and National Living Wage (#NLW) rates increased with effect from 1st April 2019 to: NLW (workers aged 25+) — from £7.83 to £8.21 per hour. NMW rates: workers aged 21–24 — from £7.38 to £7.70 per hour workers aged 18–20 — from £5.90 to £6.15
Happy Tax New Year It’s that time of year again, and I trust this email finds you well. Just a reminder you are now able to file your 2018-19 Self-Assessment Tax Return. Although you have until 31st Jan 2020 to file online, there are some advantages of filing early: If you file your return early you have the advantage
HMRC has issued an EU Exit edition of the Employer Bulletin has important information on a range of issues that you need to be aware of should the UK leave the EU without a deal. If you have employees that work in the EU, the European Economic Area or Switzerland, there are actions you need to take
Leaving the EU with a deal remains the government’s top priority. In the event the UK leaves the EU without a deal, UK businesses, importing or exporting goods with the EU, will need to take key steps to continue trading with EU businesses. If you were unable to register for previous webinars, we now have
Keeping accurate records and understanding how capital allowances work will help you complete your Self Assessment, so whether you are new to self-employment, or have been running a business for a while, use our online support to stay up to date. You’ll be able to ask questions during our live webinars using the on-screen text
Making Tax Digital (MTD) requires VAT registered businesses with a turnover of £85,000 to file their VAT returns digitally through an approved accounting . The £85,000 refers to your sales income and not your profit so this is the first thing to be aware of. Businesses that also fall into this bracket also have to record and