Category Archives: Uncategorised

April 16, 2019

Up and running – MTD for VAT is live

After tests, pilots and amid continuing controversy, Making Tax Digital (MTD) for VAT went live on 1 April. All VAT registered businesses above the £85,000 threshold are now required to keep their records digitally and submit their VAT return via compatible software.
April 08, 2019

A new mission for emissions?

Back in 2015, the motoring world was hit with the news that VW diesel cars were only efficient during the testing stage and that in reality the amount of CO2 pollution was much higher.
March 27, 2019

Can HMRC ask to see private bank statements?

As part of a compliance check into the tax returns of two company directors, the information notices issued by HMRC included a request to see private bank statements as well as a description of the source of funds for any deposits made.
March 26, 2019

Forex Turmoil

Forex uncertainty increases as the UK comes closer to its departure from the European Union.
March 26, 2019

All change for April – check your pay slip

Your April pay may look much the same as March’s, but it is worth giving your pay slip a closer look than usual next month. If you are an employee, your April pay slip is always worth checking, even if you pay little attention to the other eleven you receive over a year.
March 25, 2019

Twist again on buy-to-let

Buy-to-let investors will be hit by another tightening of the tax rules in April. When George Osborne announced in his summer 2015 Budget a variety of tax changes aimed at discouraging buy-to-let (BTL) investment, they came as a surprise.
March 25, 2019

The Spring Statement 2019

Whilst disaster and infighting appear to have gripped Westminster, and it’s hard to recall a time when our politics appears more desperate, one could be forgiven for forgetting that the British economy remains in strikingly good health.
March 22, 2019

Penalty notices delayed

HMRC has warned that self-assessment penalty notices for 2017/18 may not be issued until the end of April. The £100 penalties are normally issued in February.
March 21, 2019

The Brexit roundabout – no deal measures on VAT clarified

Despite Parliament voting against leaving the EU with no deal, this does not mean the risk of a no deal has entirely disappeared. Forward planning in these circumstances is both difficult and confusing for businesses attempting to keep on track. One of the key issues, for example, is around import VAT and tariffs.
March 18, 2019

Accounting for leases – 2019 update

This blog is relevant for those businesses preparing their accounts under International Financial Reporting Standards. Whilst the following does not apply to those businesses using UK accounting standards (e.g.
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