Blog

HMRC – Mobiles and motors expenses for the self-employed

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

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HMRC – Trivial expenses and benefits explained

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

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HMRC – Statutory payments need not give you a headache

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

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Tax allowances available when working from home

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

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HMRC – VAT and Making Tax Digital

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,

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HMRC – Mobiles and automobiles

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

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The National Minimum Wage

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

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Happy Tax New Year

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

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HMRC – Preparing for a no deal EU Exit

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

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HMRC – Record keeping and capital allowances

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

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Making Tax Digital (MTD)

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

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National Living Wage – Source – Croner TaxWise

Source – Croner TaxWise 28 March 2019 From 1st April 2019, the national living wage (NLW) for those aged 25 years and over will increase to £8.21 per hour. Minimum wage rates will also increase across the various age categories, rising to £7.70 per hour for 21-24 year olds, £6.15 per hour for 18-20 year olds

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EU Exit – Update from HMRC

Leaving the EU with a deal remains the government’s top priority. However, the government is continuing to prepare the country for every eventuality and is advising businesses to continue their preparations for the UK leaving the EU without a deal. We are providing tax agents with the latest details of the guidance and support available

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HMRC – Get ready for Making Tax Digital

HMRC is offering a range of support ahead of the changes due from A‌pr‌il 2‌01‌9 affecting VAT-registered businesses with a taxable turnover above £85,000. Here’s a selection for you. You can start with this short video to help you with ‘Digital record keeping for VAT’ on HMRC’s YouTube channel. Join us for the following live webinar, where

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HMRC – Let’s talk business expenses

There’s always guidance on expenses available from HMRC – whether you’re newly self-employed or you’ve been in business for a while. The following webinars are live and interactive. Use the on-screen text box to ask your questions. Business expenses for the self-employed: We’ll explain what business expenses are, what is and isn’t allowable and how using

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EU Exit – Update from HMRC

We are continuing to support UK businesses to help them prepare for the changes that will occur if the UK leaves the EU without a deal on 29 M‌ar‌c‌h. This week we published a letter to 135,000 UK businesses that currently trade goods with non-EU countries. The letter outlines important changes to customs procedures and VAT

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HMRC – Time to find out what’s new for 2019

Get ready for the new tax year with an overview of the key changes affecting payroll for the 2019-20. Employers – what’s new for 2019-20? Find out ‘what’s new’ – including the new rates for National Insurance, National Living Wage/National Minimum Wage and statutory payments, changes to expenses and benefits and Student Loan deductions. Plus, information on

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SOURCE – HMRC

Scottish Income Tax The Scotland Act 2016 gave the Scottish Government the power to set Income Tax rates and thresholds for Scottish taxpayers for 2017-18 onwards. The draft Scottish Budget, published on 12 December 2018, confirmed that the 5 band structure and tax rates (19%, 20%, 21%, 41% and 46%) will remain the same for

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