OUR BLOG
Want to know more. Get in touch.
No deal Brexit – what about 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...
HMRC extends MTD for VAT pilot scheme to all eligible businesses
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...
Corporation tax relief back for acquired goodwill
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 This relief was withdrawn back in July 2015 and the restoration of relief for goodwill and...
Diary of main tax events for Feb/Mar 2019
Date What’s Due 1/02 Corporation tax payment for year to 30/4/18 (unless quarterly instalments apply) 19/02 PAYE & NIC deductions, and CIS return and tax, for month to 5/02/19 (due 22/02 if you pay electronically) 1/03 Corporation tax payment for year to...
New guidance on advance payments
HMRC has published guidance explaining new rules that apply from 1 March 2019 which deal with advance payments for goods or services which aren’t received. What do you need to know? Confusion. An advance payment for goods or services creates a tax point, so output tax...
Can we claim input tax on a rent deposit?
Q. We own and run a restaurant and have agreed to rent a property which the landlord has opted to tax, so they will charge 20% VAT on the rent. We paid an initial deposit equal to three months’ rent plus VAT but the landlord has refused to give me a VAT invoice so...
Experts call for introduction of ‘pudding tax’ to combat sugar consumption
Public health experts have called for the government to introduce a so-called 'pudding tax' in order to help tackle high rates of sugar consumption amongst children. The calls for the introduction of a pudding tax come following the recent publication of research...
Essential tax dates for February
2 February Deadline for submitting P46(car) for employees whose car/fuel benefits changed during the quarter to 5 January 2019. 19 February PAYE, Student loan and CIS deductions are due for the month to 5 February 2019.
Self assessment payment deadline.
Just a quick reminder to say all self assessment payments are due by 31st January 2019. Please contact the office if you are unsure of the amount that you need to pay & how to do so.
HMRC caught red-handed “abusing powers” as part of Off-Payroll (IR35)
https://www.contractorcalculator.co.uk/cest_failings_contractorcalculator_investigation.aspxHMRC has been condemned for abusing its powers after evidence has come to light that the taxman has been sending misleading letters to contractors in an attempt to increase the Off-Payroll legislation’s tax yield. The letter, sent to a contractor by HMRC, identifies...
Pension contribution increases ahead
The Pensions Regulator (TPR) is reminding employers that from 6 April 2019, the amount that will need to be paid into a workplace pension will increase to an overall minimum of 8%, with employers contributing at least 3% of this total amount. TPR is now starting to...
HMRC reminder to employees to claim their tax deductible expenses
HMRC is reminding employees that they may be able to claim a tax rebate on their work related expenses. HMRC estimate that millions of employees, particularly those working in the service industry, could be entitled to a tax refund. Workers, including nurses,...
Our Accreditations
Contact
Contact
Tel: 0161 654 8626
Email Us
Middleton Accountancy Services
211 Manchester New Road
Alkrington
Middleton
Manchester
M24 1JT
