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This Month

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

Autumn Budget 2018

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

Tuesday, October 30, 2018

UK Budget date announced

The Chancellor of the Exchequer, Philip Hammond, has announced that the Budget will take place on Monday 29 October.

Thursday, October 4, 2018

Self-employed Class 2 National Insurance will not be scrapped

The government has decided not to proceed with plans to abolish Class 2 National Insurance Contributions (NICs) from April 2019.

Thursday, October 4, 2018

'No deal' Brexit guidance and small business survey

The government has issued further notices with the aim of helping both businesses and individuals to prepare in the event of a UK-EU agreement not being realised.

Thursday, October 4, 2018

Deadline for 'paper' self assessment tax returns

For those individuals who have previously submitted 'paper' self assessment tax returns the deadline for the 2017/18 return is 31 October 2018.

Thursday, October 4, 2018

Deliberate tax defaulters

HMRC has published an updated list of deliberate tax defaulters.

Thursday, October 4, 2018

Genuine HMRC contact and recognising phishing emails and texts

HMRC has updated their guidance.

Thursday, October 4, 2018

HMRC identify record £15.6 million minimum wage underpayments

HMRC has announced that they achieved record enforcement results this year.

Thursday, October 4, 2018

Other

Budget Report

Information and links about the budget report

Sunday, November 18, 2018

Autumn Statement

Information and links about the autumn statement

Sunday, November 18, 2018

Diary

PAYE, Student loan and CIS deductions are due for the month to 5th November 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 22nd November 2018. In year interest will be charged if payment is made late. Penalties also apply.

Advisory Fuel Rates.

New Advisory Fuel Rates (AFR) for company car users apply from today. The rates can be found by visiting https://www.gov.uk/government/publications/advisory-fuel-rates

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.