My Latest Blogs
5th July 2022
Timeline for Tax Changes
There are a few important dates coming over the next couple of years affecting individual taxpayers, who will be seeing changes to the tax they pay, and how they are required to send returns to HMRC. 6 July 2022 – Increase in National Insurance thresholds The income threshold at which employees and the self-employed…
25th September 2020
COVID-19 Business Support – Winter Economy Plan
With the Autumn Budget cancelled the Chancellor has announced a Winter Economy Plan introducing a package of measures to support businesses. The highlights are: The Coronavirus Jobs Retention Scheme (CJRS) – Will end as planned on 31 October 2020. A new Job Support Scheme – To support viable UK employers who…
21st November 2019
Avoiding Self Assessment Tax Scams
HM Revenue & Customs have reminded Self Assessment taxpayers to watch out for fraudsters as the tax return filing deadline of 31 January approaches. HMRC say they have received nearly 900,000 reports of suspicious phone calls, texts or e-mails from scammers pretending to be the tax authority. Most of these messages were about fake…
11th October 2017
Making Tax Digital – will free software be available?
When Making Tax Digital (MTD) was first announced, HM Revenue & Customs said that free software would be available for the most straightforward small businesses. Under MTD records of business income and expenses will be required to be kept digitally using a software product or app. HMRC have since provided clarification on which…
16th August 2017
Do Company Directors have to file a Tax Return?
The First-Tier Tribunal recently decided that HM Revenue & Customs were wrong to assume that all Company Directors are required to complete a Self Assessment Tax Return (Mohammed Salem Kadhem v HMRC). The taxpayer appealed against HMRC penalties for failing to submit his Tax Return because he owed no tax – the only…
13th July 2017
BREAKING: Changes to Making Tax Digital rollout timetable announced by Government
The Government has now set out a revised timetable for implementation of the Making Tax Digital (MTD) project. Three million of the smallest businesses and landlords will be able to move to the new digital system for keeping tax records at a pace that is right for them, Ministers announced today as they set…