How the Budget has affected high earners

Posted in Blog on November 5, 2018

Since the autumn Budget, it is estimated that there are now one million people who will effectively face a 60 per cent tax rate on their income. The current …

Read more

High Income Child Benefit Charge taxpayers may be entitled to a penalty refund

Posted in Blog, HMRC, Tax, Tax Blog on November 2, 2018

High Income Child Benefit Charge penalty cases will be reviewed and refunds issued if it is found that the customer had a reasonable excuse for not meeting …

Read more

Businesses planning on capital investment could benefit from Monday’s Budget announcements

Posted in Blog on November 1, 2018

The Chancellor’s budget yesterday was good news for businesses; and we would like to highlight two key areas of interest for businesses planning on capital …

Read more

Majority of Britons to pay less income tax following changes announced in Budget

Posted in Blog, HMRC, Personal Tax, Tax, Tax Blog on October 31, 2018

The majority of Britons will pay less income tax from April 2019 following important changes announced in this week’s Autumn Budget.

HMRC criticised for being ‘too aggressive’ to taxpayers

Posted in Blog, HMRC on October 29, 2018

HM Revenue and Customs (HMRC) level of aggression towards taxpayers has shocked MPs.

Can you save by preparing for the January tax return deadline now?

Posted in Blog, HMRC, Tax, Tax Blog on October 26, 2018

Have you thought about the January tax return deadline? For the majority of self-employed workers who choose to file their annual return online, January …

Read more

Lords committee warns of “huge under-preparedness” ahead of Making Tax Digital

Posted in Blog, HMRC, Making Tax Digital, MTD, Tax, Tax Blog on October 24, 2018

With Making Tax Digital (MTD) for VAT due to be rolled out in less than six months’ time, Lords have warned that there is “overwhelming evidence” …

Read more

Unexpected UK inflation in September causes pound sterling to fall

Posted in Accounting, Blog, Business Blog, Inflation, Interest Rates on October 22, 2018

In September, the UK inflation came in much weaker than expected, causing the pound sterling to fall dramatically.

Don’t get “spooked” this Halloween, says ICAEW ahead of paper tax return deadline

Posted in Blog, HMRC, Tax, Tax Blog on October 19, 2018

With just a couple of weeks to go before Halloween, the Institute of Chartered Accountants in England and Wales (ICAEW) has urged taxpayers to avoid any …

Read more

Making Tax Digital for VAT pilot launched by HMRC

Posted in Blog, HMRC, Making Tax Digital, MTD, Tax, Tax Blog, VAT on October 17, 2018

HM Revenue & Customs (HMRC) has this week opened a pilot scheme for Making Tax Digital (MTD) for VAT – the first phase of the Government’s digital …

Read more