28

Apr

Legislation to implement the government’s Making Tax Digital initiative has been put on hold. There has been widespread criticism of the plans for MTD, which would see businesses and the self-employed submit multiple tax returns online via computers or smartphones. However, following last week’s announcement of a general election, The Finance Bill 2017 has been…

03

Apr

Reminder to all employers.  The national living wage and minimum wage went up on 1st April 2017 (NOT 6th April 2017 which you might presume). If you have a worker aged under 25, or an apprentice, they are legally entitled to at least the National Minimum Wage. The new rates are: Date 25 & over 21…

22

Mar

Hurray!  Good sense has prevailed and Mr Hammond’s decision to put up class 4 NI for the self employed has been reversed! As our fourteen year old daughter says ” Aye, back down!!”.

10

Mar

We know the budget delivered a couple of blows to the self employed – a stepped increase in class 4 NI – and also to company directors – with a reduction in the dividend allowance from £5,000 to £2,000.  But there was some good news regarding Making Tax Digital. This will be deferred until April…

15

Feb

Following our attendance at an HMRC Making Tax Digital (MTD) update last night, we thought it might help to post an update on Making Tax Digital (MTD). The first thing worthy of note is that the acronym MTD was last night lengthened to MTDFB – Making Tax Digital For Businesses.  MTD is definitely happening.  And…

09

Feb

Regular readers will be aware of HMRC’s MTD revolution – “Making Tax Digital”.  They started a consultation in August 2016 and this consultation has now finished as of 31 January 2017. Michael and I are attending an update of the MTD consultation on Valentine’s Day – such a romantic, my husband! – to see what happens…

09

Jan

Happy New Year to you all.  We wish you all health, happiness and prosperity in the coming year. Now that the Christmas festivities are over, and the children are back to school, life returns to normal.  BUT the 31 January deadline is looming large for anyone who has to file a self assessment tax return….

23

Dec

Please note that our office will close at midday on Friday 23rd December and will reopen for business on Tuesday 3rd January 2017. MERRY CHRISTMAS TO ALL AND WISHING YOU AND YOUR FAMILIES A REALLY WONDERFUL CHRISTMAS AND HEALTH HAPPINESS AND PROSPERITY FOR 2017.  

05

Dec

What did you think of the Autumn Statement from our new incumbent Philip Hammond?  You may possibly have thought there was not much in it, and you may well be right; lots of information on the OBR forecasts, particularly in view of the recent Brexit vote, confirmation that the previously announced the reduced rate of…

01

Nov

Here’s hoping you had a great Halloween weekend and were not scared to death by ghosts, ghouls and nasty surprises. Let’s hope that any interaction you have with HM Revenue and Customs don’t also result in a nasty surprise! Start planning now for your self assessment deadline of 31 January 2017.  If you normally file…