HMRC have the right to investigate any taxpayer, an investigation can happen at any moment they last months and can cost thousands. Using advance software to search for anomalies HRMC enquires follow a complex and lengthy procedure requiring specific evidence and in depth answers. Evidence and answers you may not be able to provide. It
If you’re not sure what a business expense is or how cash basis works, our live webinars can help. Our online guide, videos and Small Business Forum are also available to help you when needed. Business expenses for the self-employed: Find out what expenses are allowable including travel, overnight expenses, premises costs and using your
With over 40 years of experience as a broker, John Charcol truly understands the barriers your clients face when applying for a mortgage and how this can impact your relationship with them. If you’d like to find out more about us you can download our partnership brochure here: https://goo.gl/YKtnkM Some ways we can
We’ve got the latest information on end of year tasks, expenses and benefits in kind with this selection of online help for you. Our live webinars are interactive so you can ask questions using the on-screen text box. Payroll – annual reporting and tasks: This is the last chance to join this webinar which tells you
As a VAT-registered business and employer, we’d like to help you with some of the responsibilities you face as your business grows. Here’s a selection we think may interest you: Getting started as an employer: This webinar covers payroll basics, including telling HMRC you have a new employee to understanding your employer responsibilities, PAYE deductions
Get the new tax year off to a good start with our range of online support tools, including live and recorded webinars, video and online guide. Self-employment Help and Support: Especially for sole traders and partnerships, our live webinar covers topics affecting small self-employed businesses including allowable and simplified expenses and how cash basis can
Student Loans Thresholds The thresholds from 6 April 2018 are: • Plan 1 £18,330 • Plan 2 £25,000. Remember to check and operate the correct plan type when you set up student loan deductions for an employee. You’ll find the plan type information on form SL1, the starter checklist or by asking your employee. If
PAYE late filing penalties for the tax year ending 5 April 2018 The Quarter 4 late filing penalty notices will start to be issued during week commencing 7 May 2018. Appealing against a penalty online Use the online appeals service if you don’t agree with your penalty as it’s the quickest and easiest way to
My client sells goods on the internet to private customers. He makes sales within the UK and outside the EU, but the bulk of his turnover is now into other EU member states. He charges UK VAT on his sales to EU customers at present – is he correct to do this? He is considering finding a small warehouse in one of the member states from which to make his EU distribution. How would that affect his VAT accounting?
A. Sales of goods to customers in the UK will be subject UK domestic VAT. Sales outside the EU can be zero-rated exports as long as the supplier has the correct evidence of goods leaving the UK and going to the customer outside the EU within 3 months of making the sale. For sales of goods
If you provide benefits to your employees join us to find out more including how you could save time by including employees’ benefits on your payroll instead of sending P11Ds. Our webinars are free and interactive – you can ask questions using the on-screen text box. Expenses and benefits – an introduction: This webinar is
We’ve got the latest information on end of year tasks, expenses and benefits in kind with this selection of online help for you. Our live webinars are interactive so you can ask questions using the on-screen text box. Expenses and benefits for employers – case studies Join us for an overview of the tax and
Tax & VAT Briefing March 2018
All HMRC’s online help and support is free. Our live webinars are interactive, so you can ask questions using the on-screen text box. VAT – now you are registered: In this webinar, you’ll find out how to charge and reclaim VAT, correct mistakes, keep VAT accounts and make payments. Monday 9 April – 2pm to 3pm Book
Thursday is the end of the tax year have you used your ISA allowance for the year? If you are a director have you allocated a dividend for 17/18 tax year – this is the last year you will be allowed to withdraw £5,000 tax free, it will reduce next year to £2,000. Make sure
On 6 April the minimum amount employers must pay into workplace pensions is going up On 6 April 2018, by law, the minimum amount employers have to pay into workplace pensions goes up to 2% of qualifying earnings, while staff will now contribute 3% – making a combined total minimum contribution of 5%.
My client is currently trading as a partnership and exceeded the VAT registration limit in March 2018, requiring them to be VAT registered with effect from 1 May. However, they are considering incorporating from the beginning of the tax year (6 April 2018) and running the business from that date via the company. As the
Our live webinars will help you get your payroll off to the right start in the new tax year. The webinars are free and interactive, so you can ask questions using the on-screen textbox. Employers – what’s new for 2018: Join this webinar for information on new and revised processes as well as updated rates,
April brings with it several developments which are set to alter the landscape of employment law, particularly in the area of employee wages and other monetary issues. It is important your clients are aware of these and review their practices to ensure they’re acting lawfully. Minimum wage increases National Minimum Wage (NMW) and National Living
A. Due to the abundance of legislation that applies to land transactions and gifts, various tax implications are of concern. Where only an income stream is transferred and the transferor retains an interest in the capital value of the property generating the income, the income is treated for income tax purposes of the income of the
A cross taxes enquiry can involve a visit by what seems to be an army of HMRC officers (the most we have seen is nine at one meeting for a relatively small company) to consider all or selected aspects of tax including employer compliance, national minimum wage, national insurance, pensions, income tax, corporation tax. With
Do you have any questions about statutory sick pay or managing sick leave? Our free webinar, hosted jointly with ACAS (Advisory, Conciliation and Arbitration Service) can help answer them. HMRC and ACAS – Managing Sick Leave and Pay There will be a brief summary of statutory sick pay entitlement. Also, how to manage sick leave and
If you’re not sure what business expenses to claim, look no further. Help is at your fingertips with this range of online support designed for you. Business expenses for the self-employed: Find out what expenses are allowable, including travel, overnight expenses, premises costs and using your home. Discover how simplified expenses can save you time.
Here’s a selection of online support for you and your business. Join us to find out more. Capital Allowances for the self-employed: If you use traditional accounting, this webinar shows you how to claim for the longer life items you buy for your business such as vans, tools or machinery. Monday 26 February – 2pm