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Employer Bulletin – Latest Guidance

31st July 2019 | Written by In Accountancy | Categories : Accounts, Business, CASH, GDPR, HMRC, HMRC, News, VAT
Employer Bulletin – Latest Guidance

HMRC has issued the June 2019 edition of the Employer Bulletin. This includes articles on a number of issues including: labour supply chain fraud using loans to avoid Optional Remuneration Rules re-enrolment of staff back into a workplace pension scheme GDPR fees contractors operating CIS – new VAT reverse charge on building and construction services using Tax-Free Childcare to make Read the full article…


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 business practices involving administration and arrangement fees which may be leading to unfair tax outcomes in the insurance industry.’ ‘This Read the full article…


Advisory fuel rates for company cars

9th July 2019 | Written by In Accountancy | Categories : Business, CASH, News
Advisory fuel rates for company cars

New company car advisory fuel rates have been published which take effect from 1 June 2019. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The advisory fuel rates for journeys undertaken on or after 1 June 2019 Read the full article…


Consultation on Ancillary Capital Gains Reliefs

8th July 2019 | Written by In Accountancy | Categories : CASH, local interest, Tax
Consultation on Ancillary Capital Gains Reliefs

A capital gains tax (CGT) exemption applies when an individual disposes of a dwelling that has been used as their only or main residence under the Private Residence Relief (PRR) rules. The exemption applies as long as the relevant conditions are met throughout the total period of ownership. This relief is supplemented by ancillary reliefs that aim to deal with Read the full article…


Non-Compliance with Minimum Wage Regulations

7th July 2019 | Written by In Accountancy | Categories : Business, CASH, local interest, News
Non-Compliance with Minimum Wage Regulations

A recent Low Pay Commission (LPC) report sets out its findings on the number of people being paid less than the statutory minimum wage. The LPC found that, in April 2018, 439,000 workers were paid less than the National Minimum Wage (NMW). Of this amount, 369,000 were employees aged 25 and over, who were paid less than the National Living Read the full article…


HMRC Taskforce Tackles Dishonest Dog Breeders

6th July 2019 | Written by In Accountancy | Categories : Business, CASH, HMRC, HMRC, News
HMRC Taskforce Tackles Dishonest Dog Breeders

A taskforce has recovered more than £5 million by tackling dishonest dog breeders selling pups on the black market. HMRC set up the taskforce in October 2015 after discussions with animal welfare groups that were concerned that tens of thousands of puppies were being reared in unregulated conditions and sold illicitly every year. The taskforce uncovered fraudsters selling puppies on Read the full article…


Forms P11D – Reporting Employee Benefits

4th July 2019 | Written by In Accountancy | Categories : Business, CASH, HMRC, HMRC, Tax
Forms P11D – Reporting Employee Benefits

The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019, are due for submission to HMRC by 6 July 2019. The process of gathering the necessary information and completing the forms can take some time, so it is important that this process is not left to the Read the full article…


OTS Calls For Simplifying Everyday Tax For Smaller Businesses

3rd July 2019 | Written by In Accountancy | Categories : Business, CASH, HMRC, HMRC, Limited Companies, Tax
OTS Calls For Simplifying Everyday Tax For Smaller Businesses

A report by the Office of Tax Simplification (OTS) calls on the government to prioritise action to ‘address long-standing concerns about the experience of smaller businesses’. The report considers the business lifecycle, especially those starting up and provides recommendations in five areas: providing simple step-by-step guidance about the key things a business needs to do in its early days to Read the full article…


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 that we all agree that turning what we do into good, hard cash as quickly and profitably as possible is Read the full article…


Greater Manchester Clean Air Zone Proposal

17th May 2019 | Written by In Accountancy | Categories : Business, CASH, Client Focus, local interest, Miscellaneous, News
Greater Manchester Clean Air Zone Proposal

The Greater Manchester Clean Air Proposal consultation is now open. You have the opportunity to have your say from now until midnight on Sunday 30 June 2019 here: https://cleanairgm.com/conversation and we would strongly encourage you to do so, as this proposal is likely to impact every household in the region, not just businesses using HGVs and vans. For full details Read the full article…