Blog

EU Exit ? Update from HMRC

HMRC letter provides the latest guidance to businesses about the UK leaving the EU We have published our latest letter to UK businesses that trade only with the EU, with details of important actions they need to take and changes to be aware of in the event of the UK leaving the EU without a

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HMRC – Staff events, travel and trivial benefits

If you’re an employer who provides expenses and benefits to your staff, we have live webinars and online support specifically for you. You can ask questions during the webinars using the on-screen text box. Expenses and benefits – trivial benefits: Do you know what counts as a trivial benefit? This webinar uses examples to explain what

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HMRC – Employers find out what’s new for 2019

Now is a good time to look at the key changes affecting payroll for the 2019-20 tax year. Employers – what’s new for 2019-20? Join this live webinar for an overview of ‘what’s new’ – including the new rates for National Insurance, National Living Wage/National Minimum Wage and statutory payments, changes to expenses and benefits

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EU Exit ? Update from HMRC

The UK will be leaving the EU on 29 M‌ar‌c‌h 2019. Leaving the EU with a deal remains the Government’s top priority, however the government and businesses should continue to plan for every possible outcome including no deal. In December, HMRC wrote to VAT-registered businesses that trade only with the EU advising them to take

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Staff parties, maternity pay and sick pay

Our live webinars (online presentations) and online guides can help your business get payroll matters right. The webinars are free, interactive and you can ask questions using the on-screen text box. Expenses and Benefits – entertaining staff If you provide social functions, parties or subsidised meals for your employees, find out if the costs are taxable

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Important information for EMPLOYERS from HMRC

Paying HMRC Switch to Electronic We are encouraging all customers to pay electronically as it is safer, quicker and more cost effective. You can use the following methods: • Direct Debit • Online or telephone banking (including Faster Payments, Bacs, and CHAPS) • Debit/Corporate Credit card online. If you already pay electronically please review the reference

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HMRC – Statutory Sick Pay explained

Do you know if your employees are entitled to Statutory Sick Pay? Whether you’re a new or experienced employer, there’s plenty of free online help available from HMRC. You can join our live webinar (online presentation), where you can ask questions using the on-screen text box: Statutory Sick Pay: We’ll show you what to do when

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Let property relief fallout from the Budget

Analysis of the CGT situation for LPR changes for landlords.   In the October Budget, the chancellor announced changes which will impact on landlords’ capital gains tax position (where they are eligible for letting relief) from April 2020. These were:   the final period exemption will be reduced from 18 months to nine months. However the final period exemption

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HMRC – EU Exit ? Update from HMRC

Today we have published our latest letter on GOV.UK to help businesses that trade with the EU get ready to deal with customs in the unlikely event that the UK leaves the EU without a deal on 29 M‌ar‌c‌h 2019. This includes a version for businesses based in England, Scotland and Wales, and a separate version for

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AIA – a comprehensive first year allowance

An overview and worked examples of Annual Investment Allowance (AIA).   AIA is effectively a 100% first year allowance for business expenditure on qualifying plant or machinery.   The general rule is that qualifying expenditure is:   expenditure on the provision of plant or machinery wholly or partly for the purposes of a qualifying activity

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Is your organisation trading or non-trading for tax purposes?

Updated guidance from HMRC on active, non-active and dormant statuses.   HMRC has recently updated its guidance on being ‘active’, trading and non-trading, and being dormant for new or existing companies and organisations.   Active, trading and non-trading – what’s the difference?   It is important you fully understand the different categories before advising clients,

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VAT – which accounting scheme to use

If you run a VAT-registered business or are thinking of registering for VAT, there’s lots of ways to get help with a range of online support from HMRC. Here’s a selection: You can ask questions in our live webinars using the on-screen text box. VAT accounting schemes: This webinar covers the annual accounting scheme, cash accounting

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Your VAT records and returns

From A‌pr‌il 2‌01‌9, VAT-registered businesses with a taxable turnover above the VAT registration threshold will be required to keep digital VAT business records and send returns using Making Tax Digital compatible software. Find out ‘How does Making Tax Digital for VAT affect you’ in this short video. For more on VAT records and returns, take a look

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HMRC – EU Exit – New Partnership Pack now available

Today we published an updated version of the Partnership Pack on GOV.UK to help businesses plan for the unlikely possibility of a ‘no deal’ EU Exit. This builds on the previous version of the pack, published in October, and includes additional information about trade at the border from departments across government. The pack is for organisations, intermediaries

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Croner Tax Wise – Advice Line

If you have signed up for the Croner Tax Wise Insurance then you are entitled to use their help lines;   Remember as a Tax Investigation Insurance Partner, you have exclusive, unlimited access to our dedicated advice lines. Our 35 advisors are available to help you with general and specialist queries covering all aspects of: Tax VAT

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Case study from Croner Taxwise

Pilar came to the UK when she began working here in autumn 2002. She was born with Spanish domicile and intends to retire to Barcelona where she grew up. When she moved to the UK, she continued to keep a modest amount of savings in a deposit account in Spain. As she has sufficient income

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“Making Tax Digital for VAT

Tax Return Online Services will be offering a MTD Vat return service which will allow you to submit your figures to us in your usual way and then we will be submitted them to HMRC using the software Tax Calc (this is the software presently used to file your Self-Assessment and Corporation Tax Returns).   Unfortunately

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Refund Policy

For online payments taken via the Invoice Payment page, no refunds can be given as payment is only taken after my service has been provided.