Reporting Benefits in Kind – Forms P11D
Posted on Thursday, April 4th, 2019
The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019, are due for submission to HMRC by 6 July 2019. The process of gathering... Read Full Article...
Additional Brexit advisory documents for small businesses
Posted on Thursday, April 4th, 2019
The government has published additional documents containing advice on Brexit for UK small businesses. According to the government, the information will help business owners to ‘understand how leaving the EU may affect their business’. The advisory documents... Read Full Article...
No Comments on Additional Brexit advisory documents for small businesses
Delay to rise in probate fees
Posted on Thursday, April 4th, 2019
The government has delayed its planned increase in probate fees indefinitely. The delay has been attributed to ‘pressure on Parliamentary time‘ caused by Brexit debates and votes. The increase in fees had been set to take effect from... Read Full Article...
Update on Structures and Buildings Allowance
Posted on Thursday, April 4th, 2019
Chancellor Philip Hammond delivered the Spring Statement on Wednesday 13 March 2019 amidst all the Brexit debates. In his speech the Chancellor provided an update on the economy and responded to the Office for Budget Responsibility forecasts.... Read Full Article...
MTD for VAT
Posted on Thursday, April 4th, 2019
HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the new rules, businesses with a taxable turnover above the VAT threshold (currently... Read Full Article...
Call for tax on social media businesses
Posted on Thursday, April 4th, 2019
A group of MPs has called on the government to tax the profits of social media businesses. The All Party Parliamentary Group (APPG) on Social Media and Young People’s Mental Health and Wellbeing recently published a report... Read Full Article...
Changes to income tax for 2019/20
Posted on Thursday, April 4th, 2019
The new tax year brings changes to income tax bands and allowances. The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction in the personal allowance for those with ‘adjusted... Read Full Article...