By Tom Maxwell In Advice, Blog, News, Tax TipsPosted 27/09/2021 MTD for ITSA and basis period reform postponed Following extensive feedback from all the professional bodies, HMRC has postponed the implementation of Making Tax Digital for income tax self-assessment (MTD ITSA). The regulations confirm that [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 24/09/2021 Online VAT return is closing to 800 traders For 800 businesses that should be compliant with Making Tax Digital for VAT, HMRC is testing a forced shutdown of the online VAT return. Unless these businesses sign up for MTD VAT, they will be [...] 0 Read More
By Tom Maxwell In Advice, Blog, News, Tax TipsPosted 22/09/2021 HMRC Tax Return Registration Deadline Approaching Fast! The 5th October HMRC tax return registration deadline is almost here – find out how to file your tax return for the year ended 5th April 2021. If you don’t already file a Tax Return, you [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 20/09/2021 New Plastic Packaging Tax The plastic packaging tax, announced in Budget 2018, will take effect on April 1, 2022, and will be imposed at a rate of £200 per metric tonne on UK businesses that manufacture or import 10 [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 13/09/2021 SSP Rebate Scheme closes 30 September 2021 The government scheme allowing businesses to recoup statutory sick pay costs as a result of coronavirus will end on 30 September 2021 and outstanding claims must be made by 31 December 2021. The [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 01/09/2021 HMRC clarifies interaction between EA and NIC element of CJRS grants Further guidance has been published to clarify the risk of double claiming relief on secondary (employer) NIC, particularly where employers may need to make repayments. If an employer claimed [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 06/08/2021 EU VAT changes and what they mean for UK Businesses. UK businesses need to consider VAT rule changes when selling to EU consumers, as they will be taxed according to the local VAT rate applicable in each EU country. From 1 July, all UK businesses [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 04/08/2021 Be aware SEISS scams are on the rise. HMRC has issued a warning that scammers are now targeting the Self-Employment Income Support Scheme. With the fifth round of grants opening for claims soon it is important to remain vigilant when [...] 0 Read More
By Tom Maxwell In Advice, Blog, Business Bitesize, NewsPosted 04/08/2021 Business Bitesize – Lead With Purpose How often do you feel your business makes a real difference to your team, your customers and your other stakeholders? Having a crystal-clear purpose for your business’s existence and then leading [...] 0 Read More
By Tom Maxwell In Advice, Blog, Business Bitesize, NewsPosted 28/07/2021 Business Bitesize: How to create a healthy workplace culture for business success Have you ever considered how important the workplace culture is to the success and long- term prosperity of your business? Most business owners only invest time and energy on the practical, [...] 0 Read More