June 2nd 2017
HMRC are strongly advising customers to look out for a new phishing scam in the form of an e-mail with the subject, ‘Your 2016 Tax Report’, with an attachment.
May 19th 2017
Making Tax Digital (MTD) is an initiative by the Government to turn the UK into one of the most digitally advanced tax administrations. The proposals are far reaching and will ultimately affect all taxpayers.
March 7th 2017
A search is underway to recruit the UK’s first Small Business Commissioner. The commissioner will be a high profile role supporting small businesses in payment disputes with their larger customers.
February 3rd 2017
The end of January, Self Assessment filing deadline, and the approaching tax year end seem to stimulate fraudulent activity focussing on tax issues.
February 1st 2017
The lifetime ISA will launch in April 2017. A lifetime ISA can be opened by anyone between the ages of 18 and 40. Savings of up to £4,000 a year made before the individual’s 50th birthday will earn a government bonus of 25% - a potential bonus of up to £1,000 a year. There is no minimum contribution.
January 18th 2017
HMRC are currently running a number of campaigns to encourage taxpayers who have undeclared income to come forward and bring their tax affairs up to date in return for lower penalties. In particular, campaigns are available in respect of let property, second incomes and credit card sales. If you have income from any of these sources which you need to tell HMRC about, please talk to your adviser as to how you can get the best possible deal under the available campaigns.
September 20th 2016
Often, clients will make transposition errors when inputting their data into spreadsheets or their favourite accounting software. A transposition error is where you accidentally swap two characters, lkie tihs!
September 2nd 2016
Thousands of British organisations will receive guarantees over EU funding in a new move by Chancellor Philip Hammond last month. Key projects supporting economic development across the UK will be given the green light, ending uncertainty over their future following the UK’s decision to leave the European Union.
September 2nd 2016
HMRC seem to be making progress in their attempts to discourage, and recover unpaid tax, from participators in tax avoidance schemes.
August 9th 2016
Philip Hammond has been appointed Chancellor of the Exchequer as George Osborne returns to the backbenches.
Please see our recent news articles below.