HMRC  have published their latest letter to UK businesses that trade only with the EU with details of important actions they need to take and changes to be aware of in the event of the UK leaving the EU without a deal. It is their third letter to businesses on preparing for the UK leaving the EU. The…

Wishing all our clients, friends and family a really wonderful, happy, healthy and prosperous New Year!   Hope you all had a great Christmas!

I cannot believe I am contemplating the ‘C’ word (Christmas!) but just to give everyone notice … Our office will be shut from close of business Friday 21st December and will re-open on Monday 7th January 2019. We would like to thank all our customers for their business year and wish you all a really…

Apparently HMRC has finally began communicating with businesses about Making Tax Digital (MTD) by sending its first ‘wave’ of 20,000 letters to affected businesses, supposed to be hitting our doormats today!  Another 180,000 letters will be issued next week. The delay in contacting businesses directly about MTD for VAT has apparently been that HMRC wanted…

Were you on the edge of your seat? … Desparate to hear what was going to happen in the budget? .. Or did you just hear the figure of “£130 better off” for basic rate tax payers. Please see below a brief synopsis of the main points of the budget. You can decide for yourself…

We are delighted that Ania successfully completed and passed the Xero Advisor Certification program yesterday so she is now a dab hand at the Xero software! This will be very useful, especially next year with the advent of Making Tax Digital in April 2019, with more and more of our clients using digital accounting software,…

Hope you had a great summer.  Back to shorter days and darker nights.  But some good news in this darker season, HMRC has done an about turn with regard to the use of spreadsheets to work out your VAT return data from 1 April 2019, when the new requirement to file VAT returns using Making Tax…

Just a reminder to all of you who have to pay tax both in January and July – your second payment on account is due to be paid by 31st July 2018 which is this coming Tuesday. You should have received a statement from HMRC confirming the amount due but if you are not sure…

Fancy some nice reading during these long hot summer days …….! HMRC has issued the MTD for VAT notice alongside a communications plan for advisers to use to educate their clients about MTD. There are also now 18 approved MTD for VAT software providers. VAT notice This VAT notice 700/22: Making Tax Digital for VAT, expresses…

Making Tax Digital is coming into force from April 2019 for those businesses above the VAT threshold and VAT registered.  There is a lot of work being done by all the software houses to ensure that their software will be compatible with MTD requirements. One of the software companies, Quickbooks, have recently advised that Lloyds business…