Archive

Budget changes regarding capital gains tax & lettings relief
In the October 2018 budget the Chancellor announced changes which will potentially impact on the capital gains position of landlords (where they are...


Charity Trading Rules Date posted: 12/12/2018
Charity Trading Rules
In the recent budget a measure was announced to increase the small trading tax exemption limits for Charities that apply to trading that does not re...


Tax November Newsletter Date posted: 19/11/2018
Tax November Newsletter
Click here to download the Tax November Newsletter.


Tax Newsletter UK November 2018 Autumn Budget
Click here to download the Tax Newsletter UK November 2018 Autumn Budget.


The General Data Protection Regulation – New requirements for all businesses!
European data protection laws are changing and come into force 25 May 2018. These new laws will affect all businesses in the UK and the curren...


Making Tax Digital Update – November 2017
As I am sure most of you are aware there have now been delays announced to Making Tax Digital. The first wave will commence in Apri...


HM Revenue & Customs no more credit card payments
You should be aware that after 12 January 2018. HM Revenue & Customs will not be accepting credit card payments for the pa...


HMRC Simple Assessments Date posted: 17/11/2017
HMRC Simple Assessments
HMRC have now issued what they call a simple assessment PA302, or an informal tax calculation a P800, but be warned!   Th...


Auto enrolment Date posted: 16/11/2017
Auto enrolment
Auto-enrolment By now most of our clients will have dealt with their auto-enrolment process and ...


HMRC Simple Assessments Date posted: 16/11/2017
HMRC Simple Assessments
HMRC have now issued what they call a simple assessment PA302, or an informal tax calculation a P800, but be warned!   ...


Making Tax Digital Update Date posted: 15/03/2017
Making Tax Digital Update
Legislation will be introduced in the Finance Bill 2017 and will set out: 1. Digital record keeping 2. Establishing taxabl...


Budget 2017 Summary and Reflections Date posted: 15/03/2017
Budget 2017 Summary and Reflections
Headline news from the Chancellors Budget all seem to relate to the impact on small businesses, particularly the self-employed, although small Compa...


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 Date posted: 02/02/2017
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 app...


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...


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 schem...


Common Reporting Standard for Charities - Update
The Common Reporting Standard (CRS) which asks Financial Institutions to report on account holders as well as being a method of preventing tax evasion...


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 ...


Rental Properties & Mortgage Interest Relief
A Summary of the Rules/Issues and Planning Suggestions for BTL Landlords   Introduction Higher rate...


IR35 Date posted: 05/10/2016
IR35
You may be surprised to realise that IR35 has been around now for some 16 years. Basically it affects persons who are contracted to work fo...


Pre-letting Expenses Date posted: 05/10/2016
Pre-letting Expenses
Profits from UK land or property are treated for tax purposes arising from a business.  The broad principle is that rental business profits are c...


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). ...


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).  ...


Common Reporting Standard (CRS Charities)
The Common Reporting Standard (CRS) was approved by the OECD Council in 2014 as a global standard to facilitate the automatic exchange of financia...


Persons of significant control register (PSC)
You may have heard in the Press the introduction of the new Persons of Significant Control Register which all Limited Companies (including Charita...


Latest Accounting News Date posted: 08/04/2016
Latest Accounting News
To my readers, I hope this finds you well despite the atrocious winter weather we have endured and with various viruses doing the rounds which has c...


HMRC Digital Accounts - The New Tax Return!
I am sure you have read a lot and heard much of the new proposed HM Revenue & Customs digital tax system doing away with the paper Tax Return an...


Gift Aid Small Donation Scheme Date posted: 08/04/2016
Gift Aid Small Donation Scheme
The Gift Aid Small Donation Scheme (GASDS) allows eligible Charities and Community Amateur Sports Clubs (CASC) to claim top up payments on cash dona...


John's Spring Blog 2016 Date posted: 15/03/2016
John's Spring Blog 2016
Well it hardly feels like Spring as I write this blog.  We are told by the meteorological office that Spring runs...


Big Futures Show Date posted: 22/02/2016
Big Futures Show
The Big Futures Show offers a unique opportunity for students across the region to meet with a wide variety of further education and training provid...


National Living Wage 2016 Date posted: 07/01/2016
National Living Wage 2016
Last year the Government announced the introduction of the National Living Wage, which will be compulsory and come into effect from 6 April 2016. This...


John’s Winter Blog 2015 Date posted: 21/12/2015
John’s Winter Blog 2015
Another quarter has quickly passed and the weather seems no different. It’s dark and gloomy and the world seem very much the same, bombings, refug...


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...


Self-Employment, Consultants, Travelling Expenses
There has been a recent tax case, a Dr David Jones HM Revenue & Customs 2015 which has quite worrying implications. This case went against the t...


Love In A Box Date posted: 15/12/2015
Love In A Box
The staff at Caladine took part in Mustard Seed's Love In A Box campaign, which is to provide presents at Christmas for under privileged children thro...


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. ...


Dividend Changes 2016 Date posted: 21/10/2015
Dividend Changes 2016
As most readers will know, the government have announced new legislation which will be coming in April 2016, taxing dividends which have a significa...


John's Autumn Blog 2015 Date posted: 24/09/2015
John's Autumn Blog 2015
It has been a busy three months in our office this summer if that is what the months of June and July are meant to be! I remember one lovely week at...


John's Updated Summer Blog 2015 Date posted: 18/08/2015
John's Updated Summer Blog 2015
The arrival of the very hot weather in early July was at least welcome and enabled me to have a few days holiday and I trust that my readers would h...


John's Summer Budget Blog 2015 Date posted: 10/08/2015
John's Summer Budget Blog 2015
There is a separate purely technical article on the budget changes posted on our website but I thought I would take this opportunity of just making a ...


John’s Summer Blog 2015 Date posted: 17/06/2015
John’s Summer Blog 2015
It is always a sign of Summer in my household when we have planted the red geraniums which is a feature of our garden, this has been done slightly lat...


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 Date posted: 01/05/2015
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...


Xero Roadshow Blog Date posted: 29/04/2015
Xero Roadshow Blog
Having received an email from Xero inviting me to attend a free roadshow in Brighton that was p...


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 Ap...


Standard Individual Savings Accounts (ISA's)
This year’s budget created a brand new ISA and then introduced changes to the existing ones. ...


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 sa...


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. ...


John’s Spring Blog 2015 Date posted: 10/03/2015
John’s Spring Blog 2015
As I write this blog and it is early March we still have lots of rain and grey miserable weather. We just hope that spring is around the corner. It ...


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 nat...


Eastbourne Pier: Burnt-out arcade demolition begins
Work has started to demolish the burnt-out shell of the arcade on Eastbourne Pier that was destroyed by fire earlier this year. ...


Chancellor's Autumn Statement 2014 - Some of the major tax highlights
Individuals The Chancellor announced that there would be a further increase in the personal allowance for individuals for 2015/...


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 ...


John’s Winter Blog 2014 Date posted: 01/12/2014
John’s Winter Blog 2014
Well this blog is entitled Winter Blog but it hardly feels like that. All it seems to do is rain, rain, rain and I only recall one morning so far th...


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 normal option HMRC will expect charities to adopt. A claim is to have up to 1,000 ...