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There are now less than two calendar months before the tax return filing deadline of 31 January 2023. Do not delay – file it today!   If you are not sure if you need to file a tax return, did you…   Work for yourself between 6 April 2021 and 5 April 2022? Become a…

On 17 November the chancellor made his autumn statement and made a number of changes to the UK tax systems. Please take the time to read our summary of the changes announced and their impact via the link below.   Autumn Statement Summary   If you have any questions, or concerns, over these changes please…

Due to the high level of inflation in September 2022, the annual increase in both the National Minimum Wage (NMW) & the National Living Wage (NLW) will be somewhat higher than usual. The Chancellor of the Exchequer accepted the recommendation of the Low Pay Commission to increase the current rates by 9.7%.   The NLW…

It has recently been reported that the tax debt owing to HMRC as at 30 September 2022 stands at £46.9 million, and they are taking positive action to recover this from both individuals and business.   The profession has certainly seen a much more proactive approach from HMRC, and given the financial pressures on all,…

I can remember thinking that accountancy would be a boring career. Over 40-years later I found myself writing the introduction to our newsletter after a budget – aka ‘fiscal statement’ – which incensed the environmental lobby, attracted criticism on the world stage and plunged the pound to record lows against the dollar.   Now, it’s…

As VAT repayment traders, farmers have long enjoyed the privilege of being able to submit their VAT returns late with impunity. Beware. For VAT Returns for periods beginning after 1 January 2023 late submission will have consequences, even for those due a refund. Each late return will attract a point and, for traders submitting quarterly…

Having gained a  licence to deal with non-contentious probate in 2015, Whitings LLP continue to undertake more work to assist executors. This ranges from simple probate applications and filing of relevant forms through to administration of estates, acting as executors in some cases.   The process starts with preparing and periodically reviewing a Will in…

In the recent Autumn statement, there was the mention of a further focus on the matter of Research & Development (R&D), whereby this is something that is certainly wanted by the government given its benefits in moving the economy forward in a positive manner.   However, R&D can and does provide businesses with a very…

In the past few months HMRC have been issuing an increased number of ‘One to Many’ nudge letters to individuals who they feel should be completing a self-assessment tax return or have filed an incomplete self-assessment tax return. A “One to Many” letter is HMRC’s way of sending one nudge letter to many clients allowing…

There is one thing that we have all become accustomed to over the last few years and that is when there is ever a government announcement, there is a three-word slogan, and I would say that this time it should be “Hard” “Times” “Ahead”.   We are already aware of the increase in corporation tax,…