Technical Articles

Tax free child care Date posted: 02/02/2017
Tax free child care
You may remember back in 2013 the government announcing a new tax break for working parents. Hopefully it will soon be available. It is very soon to...


Payroll working in the public sector
Although these new measures which are in some ways further addressing the reform of IR35 do not apply to many of the firm’s clients it certainly a...


Flat Rate Scheme Changes Date posted: 23/12/2016
Flat Rate Scheme Changes
In the Autumn Statement the Chancellor has announced changes to the flat rate scheme of VAT accounting. The current scheme allows a tra...


Trivial benefits provided by an employer
I am sure you are aware of the strict rules regarding benefits in kind, benefits paid to employees by their employer which become taxable. ...


Making Tax Digital (MTD) Date posted: 27/09/2016
Making Tax Digital (MTD)
HM Revenue & Customs have released six consultancy documents in August 2016 on the subject of Making Tax Digital (MTD).   From Apri...


Charities SORP Date posted: 21/12/2015
Charities SORP
I am sure most Chief Executives and Charities are now aware that there is a new FRSSE SORP 2015 coming into effect for Charities for accounting peri...


Social Enterprise Tax Relief Date posted: 17/11/2015
Social Enterprise Tax Relief
This is a tax relief scheme designed to support Social Enterprises seeking external finance offering a range of tax relief that can be claimed by indi...


Mortgage Interest Deductions Date posted: 06/11/2015
Mortgage Interest Deductions
In his Summer budget George Osborne announced that landlords will only be able to offset mortgage interest at the basic rate of tax 20% by 2020. ...


Family Investment Companies - FIC Date posted: 17/06/2015
Family Investment Companies - FIC
Over recent years, with changing legislation, Trusts are no longer the most tax efficient way to transfer assets to future generations.  The Fina...


Savings Income 0% Rate Date posted: 28/05/2015
Savings Income 0% Rate
Are you aware that from April 2015 if your total income, including wages, pension, benefits and savings income is less than your personal allowance le...


VAT Digital Sale - Moss Registration
Some good news. HM Revenue & Customs have announced that those businesses who supply B2C digital services but below the UK threshold for VAT r...


Statutory adoption pay Date posted: 28/04/2015
Statutory adoption pay
Very strangely adoption leave arrangements were somewhat different from maternity leave. However, from 5 April 2015 it ...


Standard Individual Savings Accounts (ISA's)
This year’s budget created a brand new ISA and then introduced changes to the existing ones.  This t...


ISA’s - Latest news Date posted: 28/04/2015
ISA’s - Latest news
There are now three types of ISA that you can choose from (standard individual savings accoun...


New Charity Audit Thresholds Date posted: 10/03/2015
New Charity Audit Thresholds
The Cabinet Office have announced that there will be changes in the audit threshold with effect for years ending on or after 31 March 2015. ...


Pension Changes Date posted: 10/03/2015
Pension Changes
I am sure the amount of publicity you have seen in the national press over recent months will highlight you to the major changes in pension legislat...


National Insurance Date posted: 10/03/2015
National Insurance
Changes in Collection of Class 2 National Insurance Contributions All self employed persons pay a class 2 national insura...


Pension Changes Date posted: 10/03/2015
Pension Changes
I am sure the amount of publicity you have seen in the national press over recent months will highlight you to the major changes in pension legislat...


SORP (FRSSE) compared to SORP (FRS 102)
The Following is not intended to be an exhaustive list of the differences between the charity SORPs, but it should help trustees and their advisers ...


VAT Mini One Stop Shop (Moss) Date posted: 01/12/2014
VAT Mini One Stop Shop (Moss)
From 1st January 2015 digital services provided to consumers within the European Union will become taxable in the member state in which the consumer...


Social investment tax relief Date posted: 20/11/2014
Social investment tax relief
Social Enterprise Tax Relief is a new form of tax relief which was introduced on 6 April 2014 which will allow individuals to invest in Social Enterpr...


New Charities Sorp – Statement of recommended practice
For some years with minor variations, Charity accounting has been governed by the Statement of Recommended Practice (SORP) for Charities, March 20...


Gift Aid And Charities Online Date posted: 17/10/2014
Gift Aid And Charities Online
Option 1: Claim using an HMRC Online Services form This is the no...