by MAS | Feb 28, 2019 | HMRC, Tax
5% late payment penalty on any 2017/18 outstanding tax which was due on 31st January 2019 and still remains unpaid This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income...
by MAS | Feb 27, 2019 | Uncategorized
The UK start-up revolution shows no sign of slowing down, and that’s because of budding entrepreneurs. Young entrepreneurs bring fresh new ideas to the table, and are significant in both job creation and economic growth. Their new ventures can generate new wealth and...
by MAS | Feb 20, 2019 | Brexit, HMRC, Tax, VAT
The Government and HMRC have updated its collection of high-level guides called “partnership packs”, intended to help businesses involved in importing and exporting prepare for changes to customs procedures after 29 March 2019 in the event of a “no deal” scenario. If...
by MAS | Feb 20, 2019 | HMRC, MTD, Tax, VAT
HMRC has extended its Making Tax Digital for VAT (MTD for VAT) pilot scheme to all eligible businesses. MTD for VAT is set to come into effect from 1 April 2019 for businesses which have a taxable turnover above the current VAT registration threshold of £85,000. As...
by MAS | Feb 19, 2019 | HMRC, Tax
A further late change to the Finance Bill will re-introduce relief for acquired goodwill on the acquisition of businesses with eligible intellectual property from 1 April 2019. This relief was withdrawn back in July 2015 and the restoration of relief for goodwill and...
