by MAS | Feb 28, 2018 | Uncategorized
From 1 April 2019 VAT registered businesses with a turnover in excess of the VAT threshold – currently £85,000 – must start keeping their business records digitally and submitting their VAT returns via MTD compatible software. In practice that means the first...
by MAS | Feb 15, 2018 | Uncategorized
The implementation of Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare, is being rolled out to eligible parents in stages. The scheme first made its debut in April 2017 and although there have been initial systems...
by MAS | Feb 15, 2018 | Uncategorized
HMRC have released the latest list of imaginative excuses made by individuals who failed to submit their self assessment return by 31 January deadline in 2017. HMRC’s annual list of outlandish excuses is used to publicise the self assessment deadline of 31...
by MAS | Feb 15, 2018 | Financial news, HMRC, Tax
Current rates These rates are for the National Living Wage and the National Minimum Wage. The rates change every April. Year 25 and over 21 to 24 18 to 20 Under 18 Apprentice April 2017 (current) £7.50 £7.05 £5.60 £4.05 £3.50 April 2018 £7.83 £7.38 £5.90 £4.20 £3.70...
by MAS | Feb 7, 2018 | Financial news, HMRC, Tax
Option 1 – If you want to keep things simple, you can just total up the number or hours you spend working from home each month and use HMRC’s rates for sole traders. Referring to the table below, add up the appropriate Flat Rate for each of the twelve months...
