Latest Blogs

  1st September 2022 – This deadline may apply to you!   If you hold property or investments on behalf of another person, HMRC may consider this as a reportable trust arrangement. This may mean that you need to register on the Trust Registration Service (TRS) before 1st September 2022.   New legislation now in…

The Charity Commission has launched a consultation regarding changes to the annual return.   There are a number of new questions, taking the total questions from 36 to 52, although only 32 will be compulsory. The aim of the new questions is to make the annual return more comprehensive, by gaining information around charity’s income…

The All-Party Parliamentary Group for Road Freight and Logistics has today (27 July 2022) urged the Government to approve the introduction of an Essential User Rebate of no less than 15 pence per litre for operators within the logistics sector to combat the effects of soaring fuel prices and inflation.   The call has come…

For many years employers have been able to set up a Direct Debit (DD) with HMRC to make a single one-off payment. Recurring DD’s have not been allowed. From early Autumn, HMRC are expecting to launch a new Payments Strategy enabling employers to establish a DD that will recur monthly.   Employers will need their…

For most of my life sugar beet have represented a stable but unexciting crop. Sugar adjusted yields have seemed reasonably consistent from year to year and the price for which the commodity could be sold has been negotiated by the NFU and British Sugar before growing contracts have been agreed. I have just listened to…

Background Following the recent remediation measures announced after the McCloud age discrimination case, some individuals may suffer retrospective increases to their historic pension growth which in turn could result in annual allowance excess charges.   In the most recent finance act the government has announced changes to the scheme pays legislation to enable individuals to…

  Tax planning is not often at the top of the to-do list when a couple are separating, however, the timing of asset transfers can make a huge difference for tax purposes.   The rules as things stand   Married couples and civil partners can transfer chargeable assets between them without incurring capital gains tax…

With the reduction of BPS over the coming years and movement in Sustainable Farming Incentives, many farmers/growers are looking for alternatives to traditional crops. One crop that has come to my attention recently is Mustard.   Through a cooperative, English Mustard Growers Ltd, mustard is being sourced throughout Norfolk, Suffolk, Cambridgeshire and Lincolnshire. The benefits…

  HMRC have recently amended their approach to obtaining tax relief on household costs associated with working from home, effective from 6 April 2022.   Throughout the pandemic, employees were able to claim expenses associated with working from home for the full tax year, even if they were at home for just one day. Newspapers…

If you run a construction company and would like some more feedback on:   How your company is doing? Which jobs are most profitable? Keeping track of your staffs location and working hours?   Then there are plenty of apps that can integrate with your accountancy package like Xero, Sage and QuickBooks which will make…