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This Month

Committee warns small businesses 'could pay heavy price' for MTD

The Economic Affairs Committee has warned HMRC that small businesses 'could pay a heavy price' for Making Tax Digital for VAT.

Wednesday, December 5, 2018

Leaving the EU with no deal

The government has published a collection of documents in preparation for the scenario of the UK leaving the EU without a Withdrawal Agreement a so called 'no deal' Brexit.

Wednesday, December 5, 2018

180,500 new homeowners benefit from stamp duty tax relief

According to statistics published by HMRC more than 180,500 first-time buyers have benefitted from First Time Buyers Relief.

Wednesday, December 5, 2018

Tax-free gifts to employees

Some employers may wish to give a small gift to their employees.

Wednesday, December 5, 2018

Advisory fuel rates for company cars

New company car advisory fuel rates have been published which took effect from 1 December 2018.

Wednesday, December 5, 2018

Phishing tax refund email targets university students

HMRC has warned that university students are being bombarded with fake tax refund emails.

Wednesday, December 5, 2018

Inheritance Tax Review by Office of Tax Simplification

The Office of Tax Simplification has published the first of two reports on inheritance tax.

Wednesday, December 5, 2018

Budget 2018

The Chancellor Philip Hammond presented his second Autumn Budget on Monday 29 October 2018.

Tuesday, November 6, 2018

Personal tax changes - allowance and basic rate band increases

At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20.

Tuesday, November 6, 2018

Capital allowances changes

A number of changes to capital allowances were announced at the Budget.

Tuesday, November 6, 2018

Entrepreneurs' Relief changes

The government announced, as part of the Budget, that some changes are being made to the rules for Entrepreneurs' Relief .

Tuesday, November 6, 2018

Making Tax Digital for VAT

HMRC has opened the Making Tax Digital for VAT public pilot.

Tuesday, November 6, 2018

New guidance for employers

HMRC has issued the October 2018 Employer Bulletin.

Tuesday, November 6, 2018

HMRC countdown: file your tax return

With less than 100 days until the self assessment tax return deadline of 31 January 2019, HMRC is urging taxpayers to complete their tax returns early.

Tuesday, November 6, 2018

Further contingency planning guidance on a 'No deal Brexit'

HMRC has issued a Partnership Pack to help businesses carry out contingency planning.

Tuesday, November 6, 2018

Other

Budget Report

Information and links about the budget report

Friday, December 14, 2018

Autumn Statement

Information and links about the autumn statement

Friday, December 14, 2018

Diary

PAYE, Student loan and CIS deductions are due for the month to 5th December 2018.

This deadline is relevant to employers who have made PAYE deductions from their employees' salaries and to contractors who have paid subcontractors under the CIS.

Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.  

Where the payment is made electronically the deadline for receipt of cleared payment is Friday 21st December 2018 unless you are able to arrange a 'Faster Payment' to clear on or by Saturday 22nd December. In year interest will be charged if payment is made late. Penalties also apply.

Online filing deadline for submitting 2017/18 self assessment return if you require HMRC to collect any underpaid tax by making an adjustment to your 2019/20 tax code.

This deadline is relevant for those individuals who complete a self assessment tax return online and who are employees. Where you have an underpayment you may request that HMRC collect the tax outstanding by making an adjustment to your tax code for the year 2019/20.

If we are already dealing with this matter on your behalf you need take no action.