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Budget

Senior Clinicians’ Pensions Consultation

9th October 2019 | Written by In Accountancy | Categories : Budget, Business, Client Focus, HMRC, Pensions and Payroll, Tax
Senior Clinicians’ Pensions Consultation

The government has launched a consultation on proposals to give senior NHS doctors and nurses access to more flexible pensions. The proposals aim to offer senior clinicians more control over their pensions growth. The consultation follows reports that senior NHS
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How to improve cash flow in a small business: Cash really is King!

23rd August 2019 | Written by In Accountancy | Categories : Accounts, Budget, Business, CASH, Client Focus, Limited Companies, News, Small Business Tips, Tax
How to improve cash flow in a small business: Cash really is King!

How to improve cash flow in a small business? This is a question we are often asked by clients and contacts alike. I continue to be surprised by the number of businesses out there who focus on top line sales
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Consultation on the Operation of Insurance Premium Tax

26th July 2019 | Written by In Accountancy | Categories : Accounts, Budget, Business, CASH, HMRC, HMRC, News, Tax
Consultation on the Operation of Insurance Premium Tax

HMRC has launched a consultation to review the extent to which the emerging practices are leading to ‘unfair tax outcomes’ in the administration and collection of Insurance Premium Tax (IPT). HMRC’s consultation document states: ‘We have been made aware of
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Payment On Account Confusion

23rd July 2019 | Written by In Accountancy | Categories : Accounts, Budget, Business, HMRC, News, Tax, VAT
Payment On Account Confusion

Under self assessment taxpayers are required to make payments on account of their tax liabilities. The payment on account instalments consist of two payments on account of equal amounts: the first on 31 January during the tax year and the
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New Measures To Ensure Small Businesses Get Paid On Time

19th July 2019 | Written by In Accountancy | Categories : Budget, Business, Limited Companies, News
New Measures To Ensure Small Businesses Get Paid On Time

The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals, large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures.
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Preparing the Workforce for EU Exit

17th July 2019 | Written by In Accountancy | Categories : Brexit, Budget, Business, local interest, News
Preparing the Workforce for EU Exit

Over two thirds of EU citizens that are currently in the UK are here for work. The government is advising that if these individuals plan to remain living and working in the UK, after it leaves the EU, they can
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Tax Gap Remains Low

15th July 2019 | Written by In Accountancy | Categories : Budget, HMRC, HMRC, News, Personal Tax, Tax
Tax Gap Remains Low

HMRC has published a report showing that the UK tax gap in 2017/18 is estimated to be £35 billion.  This is 5.6% of total theoretical tax liabilities, and a small increase of 0.1% from 5.5% in 2016/17. HMRC therefore secured
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VAT Fuel Scale Charges

10th June 2019 | Written by In Accountancy | Categories : Budget, Business, HMRC, Limited Companies, Tax, VAT
VAT Fuel Scale Charges

HMRC has issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2019. VAT registered businesses use the fuel scale charges to account
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Government Confirms Implementation of Pensions Dashboards

8th June 2019 | Written by In Accountancy | Categories : Budget, HMRC, Pensions and Payroll
Government Confirms Implementation of Pensions Dashboards

The government has confirmed that the initiative to introduce a pensions dashboard will go ahead. Pensions dashboards will allow those saving for retirement to view information from multiple pensions in one place stating that the dashboard will ‘open up pensions
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Cashflow – How to speed up your Cash Conversion Cycle

20th May 2019 | Written by In Accountancy | Categories : Accounts, Budget, Business, CASH, Client Focus, Limited Companies, News, Tax
Cashflow – How to speed up your Cash Conversion Cycle

In the next in our series of articles on how to improve your cashflow we take a look at the cash conversion cycle and actions you might be able to take to shorten it. I think it’s safe to say
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