Record number of Self-Assessment tax returns filed by the deadline

Posted in Blog, Business Blog, HMRC, Tax, Tax Blog on February 4, 2019

HM Revenue and Customs (HMRC) has revealed that a total of 93.68 per cent of Self-Assessment tax returns were filed by the deadline.

Trading after Brexit: What is an EORI number and why do I need one?

Posted in Accountancy, Accounting, Blog, Brexit, VAT on February 1, 2019

The Government has written to more than 145,000 VAT-registered businesses across the UK, explaining the potential changes to customs, excise and VAT in …

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Could corporation tax cuts lose the UK £6.2 billion a year?

Posted in Blog, Business, Business Blog, Corporate Tax, Corporation Tax, Economy, Tax on January 30, 2019

Although the government has stated that cuts in corporation tax will ultimately increase revenue, HMRC has argued that it could actually cost the public …

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Services sector exports record numbers, report shows

Posted in Blog, Business, Business Blog on January 28, 2019

The UK services sector has experienced a record year, increasing exports to regions all around the world.

Businesses reminded to take steps to prepare for upcoming payroll changes

Posted in Blog, Business, Business Blog, Employees, HMRC, Legal, Payroll, SME, SMEs, SMEs / Business, Wages on January 24, 2019

Business owners in the UK are being reminded to take sufficient measures to prepare their businesses for the upcoming changes to legislation regarding …

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Making Tax Digital pilot has been extended to partnerships and flat rate schemes

Posted in Blog, MTD on January 24, 2019

Making Tax Digital’s (MTD) deadline is looming, with companies above the turnover threshold of £85,000 well underway when it comes to training their …

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Employment and overall wages hit record highs

Posted in Blog, Business, Business Blog, Economy, Employees, Finance, Inflation, SMEs / Business, Wages on January 23, 2019

In November, Britain saw the largest rise in overall real wages since September 2016, raising the spending power of the average British worker to the highest …

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HMRC wrongly issue fines before the self-assessment deadline

Posted in Blog, HMRC, Tax, Tax Blog on January 21, 2019

It has been revealed that Her Majesty’s Revenue & Customs (HMRC) has wrongly issued millions of fines to taxpayers, just weeks before the self-assessment …

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Can you save more than £355 on this year’s self-assessment?

Posted in Blog, HMRC, Income Tax, Personal Tax, Tax, Tax Blog on January 18, 2019

Self-employed taxpayers may be failing to claim on average £1,687 in tax-deductible expenses, a new report has revealed.

HMRC shifting the “tax burden” onto UK consumers

Posted in Blog, HMRC, Tax, Tax Blog, VAT on January 16, 2019

Accounting experts have accused HMRC of shifting the “tax burden” onto UK consumers after finding that 21 per cent of their total income is accounted …

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