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 current (DPA).
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 April 2019.
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 payment of tax bills.
Auto enrolment
By now most of our clients will have dealt with their auto-enrolment process and have set up pension schemes with our help for their staff.
HMRC Simple Assessments
HMRC have now issued what they call a simple assessment PA302, or an informal tax calculation a P800, but be warned! This is a way where they pick up all your tax information.
Making Tax Digital Update
The timetable for businesses, self-employed people and landlords required to start using the new digital service is as follows
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 Companies.
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 applies
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.
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 trader.
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 taxable.