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Civil partnership is now an option for heterosexual couples
The Civil Partnerships, Marriages and Deaths (Registration etc.) Act 2019 received Royal Assent on 26 March 2019 and came into force from 31 December 2019. Among other changes, this Act allows a heterosexual couple the right to choose to have a civil partnership...
Tax rules on company mobile phones clarified
HMRC has issued guidance on the tax rules for company mobile phones for employers The section 319 guidance states that there is no tax charge unless the mobile phone can be converted into money by the employee, and this is limited to one mobile phone given to an...
Advice from Companies House
False filings: safeguard your company When it comes to the security of your company, it’s important to be proactive. Visit Companies House blog to find out how you can help protect your company from unauthorised filings....
UK to press ahead with Digital Services Tax despite warnings from US
Prime Minister Boris Johnson has said that the UK will continue with plans to impose its Digital Services Tax (DST) on American tech giants, despite the US threatening France for a similar move. The DST will apply a 2% tax to the revenues of certain digital...
ESSENTIAL TAX DATES FOR JANUARY
1 January Due date for payment of corporation tax for period ended 31 March 2019. 14 January Due date for income tax for the CT61 quarter to 31 December 2019. 19 January PAYE, Student loan and CIS deductions are due for the month to 5 January 2020. PAYE quarterly...
Constructions Services
HMRC has postponed the introduction of the reverse charge for the construction industry until October 2020. What does this mean for your business? Announcement: A new reverse charge for construction industry businesses was due to come into force from 1 October 2019....
Conservatives plan minor cabinet reshuffle
As the Conservatives returned to parliament with an 80-seat majority and Brexit scheduled for 31 January, Boris Johnson confirmed there would be a minor Cabinet reshuffle next week This followed a bruising night for the Labour Party, when the Conservatives won 365...
CHRISTMAS GIFTS OF UP TO £50 TO EMPLOYEES
Remember that certain gifts to staff at Christmas are tax free if structured correctly. Ever since April 2016 employers are allowed to provide their directors and employees with certain “trivial” benefits in kind tax free. Conditions for the exemption to apply the...
Inheritance tax rate double EU average
Taxpayers pay an average of 23.9% (£536,688) in inheritance tax (IHT) when an estate worth £2.2m is inherited. Only a small number of people actually pay IHT, with only 4.2% of all UK deaths were subject to the death duties in 2017-18. In comparison, individuals in...
CONSTRUCTION SERVICES – Rule changes pushed back a year
HMRC has postponed the introduction of the reverse charge for the construction industry until October 2020. What does this mean for your business. Announcement. A new reverse charge for construction industry businesses was due to come into force from 1 October 2019....
What’s the best way to notify VAT errors?
Form VAT652: Tell HMRC about any errors in your VAT Return [Weblink] Q. Our business made VAT errors of £60,000 on the last return, caused by input tax duplications on purchase invoices. Do we resubmit our VAT return or is there a more formal way of notifying HMRC? A....
The big Brexit import challenge
Major changes to VAT accounting will take place on imported goods if the UK leaves the EU without a deal on 31 January, including the reintroduction of postponed accounting. How can you ensure a minimal impact on your business? To the online form: Get an EORI number...
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Middleton Accountancy Services
211 Manchester New Road
Alkrington
Middleton
Manchester
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