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Day: October 10, 2018

Passport issues if a "no-deal" Brexit
General

Passport issues if a "no-deal" Brexit

  Guidance on the use of a British passport to travel abroad after 29 March 2019, if there is a “no-deal” Brexit, was issued by government last month. The pertinent facts are reproduced below: After 29 March 2019, if you’re a British passport holder (including…

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October 10, 2018 by Ellie Roach
Invoice discounting with larger customers
General

Invoice discounting with larger customers

  Suppliers who sell goods and services to larger concerns often find that the terms of their supply, limits or bans the process of factoring the debts to release funds into cash flow. Cynically, this could be seen as a method these larger customers have…

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October 10, 2018 by Ellie Roach
About-turn, you can use spreadsheets
VAT & Duties

About-turn, you can use spreadsheets

  HMRC has about-faced regarding the ban on using spreadsheets to work out your VAT return data from 1 April 2019, when the new requirement to file VAT returns using Making Tax Digital (MTD) format is introduced. Bowing to pressure from industry, the accountancy profession…

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October 10, 2018 by Ellie Roach
What is a reasonable excuse?
Income Tax

What is a reasonable excuse?

  HMRC is still required to obtain certain returns from you even if there is no income or tax to declare. Failure to submit will likely trigger late filing penalties and unfortunately, pleading ignorance of your obligations to file “nil” returns is not a reasonable…

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October 10, 2018 by Ellie Roach
Recent Posts
  • What is the government doing to prepare us for Brexit?
  • Are you ready for the VAT filing changes?
  • What can you give away before the end of the tax year?
  • What are your tax planning options for 2018-19?
  • Are you ready for the April deadline?
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