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MTD for VAT

15th April 2019 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, HMRC, Limited Companies, Making Tax Digital, Making Tax Digital, Tax, VAT
MTD for VAT

HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the new rules, businesses with a taxable turnover above the VAT threshold (currently £85,000) must keep digital records for VAT purposes and provide their VAT return information to HMRC using MTD functional compatible software. The new rules Read the full article…


April 2019 – Tax Update and News in Brief

April 2019 – Tax Update and News in Brief

At last the clocks have gone forward, days are becoming longer and some warmth is in the air (well, almost, although it didn’t feel like that from the side lines of the football pitches I was at over the weekend!!). It is also the start of the new tax year, which means there are a number of updates to which Read the full article…


Tax Efficient Investments Ahead of the Tax Year End

25th March 2019 | Written by In Accountancy | Categories : Accounts, Business, Client Focus, HMRC, Miscellaneous, Tax
Tax Efficient Investments Ahead of the Tax Year End

With the end of the tax year looming there is still time to save tax for 2018/19.   Make full use of your ISA allowance – ISAs can offer a useful tax free way to save, whether this is for your children’s future, a first home or another purpose. Individuals may invest up to a limit of £20,000 for the Read the full article…


Start Date Looming For Making Tax Digital For VAT

18th March 2019 | Written by In Accountancy | Categories : Business, HMRC, HMRC, Limited Companies, Making Tax Digital, Tax, VAT
Start Date Looming For Making Tax Digital For VAT

The Financial Secretary to the Treasury, Mel Stride, has made a statement to the House of Commons setting out HMRC’s progress on delivery of Making Tax Digital (MTD). He confirmed there would be no further delays in implementation. For most businesses, compliance with the regulations is mandated for VAT return periods beginning on or after 1 April 2019. However, MTD Read the full article…


Gift Aid Tax Relief Video

15th March 2019 | Written by In Accountancy | Categories : Charity, Client Focus, Personal Tax, Tax
Gift Aid Tax Relief Video

Gift Aid Tax Relief for higher rate tax payers – when and how to claim As we are fast approaching the end of another fiscal year (yep, that time already!), and with Red Nose Day almost upon us, we thought it timely to remind you that if you are a higher rate tax payer you can claim additional tax relief Read the full article…


Spring Statement – March 2019 Overview

14th March 2019 | Written by In Accountancy | Categories : Brexit, Budget, Business, Client Focus, HMRC, Miscellaneous, News, Tax
Spring Statement – March 2019 Overview

Introduction When we write these reports on the chancellor’s Budget speeches – and, more latterly, his Spring Statements – we always try and put them in the relevant political and economic context. This year it is impossible not to put the Spring Statement in a political context. On Monday night, the Prime Minister flew to Strasbourg and yet another meeting Read the full article…


Year end tax planning – time is running out

12th March 2019 | Written by In Accountancy | Categories : Business, Limited Companies, Pensions and Payroll, Pensions and Payroll, Personal Tax, Tax
Year end tax planning – time is running out

If you would like to take advantage of any year end tax planning opportunities before the end of the tax year on 5th April, you will need to take action now. Making the most of your tax allowances for Pensions, ISAs, CGT, IHT and Income Tax, is vital to ensuring your financial affairs are organised as efficiently as possible. To Read the full article…


Stockport Accountants IN Accountancy recruiting Talent

13th February 2019 | Written by In Accountancy | Categories : Accounts, Business, IN Team, Making Tax Digital, News, Personal Tax, Tax, Team News
Stockport Accountants IN Accountancy recruiting Talent

Award winning Stockport Accountants IN Accountancy are looking for a  dynamic, forward thinking, tech savvy accountant with good experience in practice to join their growing team. The firm has gone from strength to strength in it’s almost six years in business, having started as an additional service providing tax review and reclaim work to high net worth individual clients. IN Accountancy then Read the full article…


‘Unbelievable Excuses’ for Late Filing of Tax Returns

10th February 2019 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, HMRC, Miscellaneous, News, Personal Tax, Tax
‘Unbelievable Excuses’ for Late Filing of Tax Returns

HMRC has revealed some of the most ‘bizarre excuses’ taxpayers have given for failing to file their self assessment tax return on time. Excuses included ‘I’m too short to reach the post box’, and ‘my boiler had broken and my fingers were too cold to type’. One taxpayer claimed that a junior member of staff ‘forgot to wear their glasses’, and Read the full article…


MTD for VAT – Pilot Extended to all Eligible Businesses

7th February 2019 | Written by In Accountancy | Categories : Business, HMRC, HMRC, Limited Companies, Making Tax Digital, Making Tax Digital, Tax
MTD for VAT – Pilot Extended to all Eligible Businesses

HMRC has extended its Making Tax Digital for VAT (MTDfV) pilot scheme to all eligible businesses. For most businesses, compliance with the regulations is mandated for VAT return periods beginning on or after 1 April 2019. However, MTDfV for some ‘more complex’ businesses has been deferred until 1 October 2019. This deferral applies to: trusts; not for profit organisations not Read the full article…