Latest Blogs in General Practice
Paul Jefferson
1st January 2023 1-Jan-23: New VAT penalties system

A new penalty regime came into effect for VAT periods starting on or after 1 January 2023. The changes will impact the charges for missing VAT filing and payment deadlines and will be replacing the current VAT default surcharge system. These changes place continued importance on being up to date with your VAT returns, aware…

Nick Edgley
5th May 2022 31-Jul: Can your tax be reduced?

Time is running out for taxpayers to settle any second payment-on-account for the 2021/22 tax year. The payment is due by 31 July, where one is payable. The amount payable is the second payment-on-account for the 2021/22 tax year and is automatically calculated as half of the total tax liability for the previous tax year,…

Peter Brown
16th May 2022 e-Commerce: Are you finding keeping your business’s records a nightmare?

Understanding how to account for your business’s transactions with online selling platforms can be complicated. Ensuring that you are submitting the correct information to HMRC can be tricky as not all platforms have the same VAT treatment.   A2X could make your life easier by saving you time and headaches from the complex world of…

Jaimie King
12th April 2022 Cross-sector acquisitions

Mergers & acquisitions (M&A) are at a high – a recent survey found that 66% of UK CEOs expect to pursue transactions in the next 12 months. Our corporate finance team can assist with both acquisitions and disposals of your business, including marketing and due diligence.   In this blog we explore the possibility of…

Mike Blackledge
6th April 2023 P11d’s, ATED & Form 42 Returns: Now due to HMRC

Although a business may have an accounting year which doesn’t end on 5 April each year, they will still be required to submit various returns to HMRC on a tax year basis. Compliance is now an extremely important aspect of any business, with deadlines, fines and indeed penalties being applied where dates are missed, or…

Richard Alecock
4th April 2022 MP’s urge HMRC to crack down on unpaid taxes due to pandemic

During the first lockdown HMRC paused most debt collection activities, which has contributed to the total UK tax debt of £39bn according to The Public Accounts Committee. HMRC have stated, “We are recouping debt safely, taking into account customers’ circumstances and making repayments affordable. It’s in no-one’s interests to push viable businesses into insolvency when…

Ben Beech
21st March 2022 Extension of plug-in van and truck grants

The government have announced that they will be extending their plug-in van and truck grants for another two years to spring 2025, there will also be changes to the existing plug-in vehicle grants applicable for the funding of larger trucks.   From 1 April 2022, the threshold to claim the small truck grant of up…

Jaimie King
20th March 2022 Equity Financing Raised for Renewables Company

Whitings LLP, a member of The Corporate Finance Network, has successfully advised on matters surrounding raising a substantial sum of equity finance for a Renewable Energy business. The shareholders approached the Whitings LLP Corporate Finance team for advice on matters relating to raising equity investment to continue its Research & Development projects within the Renewable…

Benjamin Burtenshaw
2nd March 2022 Companies House Proposed Filing Reforms

The Government have announced plans to revamp filing at Companies House for small companies & micro-entities in a move that will see additional information made available to the public when filing company accounts. The reforms are largely seen as an attempt to reduce the levels of economic crime committed through the country.   Currently, small…

Ruth Pearson
28th February 2022 New HMRC Advisory Fuel Rates

HMRC have released their latest Advisory Fuel Rates to be used from 1st March 2022.   These rates should be used when you:-   Reimburse employees for business travel in their company cars Need employees to repay the cost of fuel used for private travel   Rates The advisory electricity rate for fully electric cars…