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Tag: Budget

VAT Fuel Scale Charges

10th June 2019 | Written by In Accountancy | Categories : Limited Companies, Tax Advice
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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Cashflow – How to speed up your Cash Conversion Cycle

20th May 2019 | Written by In Accountancy | Categories : Client News, Limited Companies, News, Tax Advice
Tagged in: Budget, sole trader, targets, 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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Cashflow – Mind Your Margins to Increase your Cashflow

14th May 2019 | Written by In Accountancy | Categories : Client News, Limited Companies, News, Tax Advice
Tagged in: Budget, sole trader, targets, Tax,
Cashflow – Mind Your Margins to Increase your Cashflow

In the next in our series of articles on how to improve your cashflow we take a look at margins, and how simply understanding them better, and focusing on them more regularly will have a knock on effect on improving
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Update on Structures and Buildings Allowance

29th April 2019 | Written by In Accountancy | Categories : Client News, News
Tagged in: Budget, Government, HMRC, Money,
Update on Structures and Buildings Allowance

Chancellor Philip Hammond delivered the Spring Statement on Wednesday 13 March 2019 amidst all the Brexit debates. In his speech the Chancellor provided an update on the economy and responded to the Office for Budget Responsibility forecasts. In addition he
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Spring Statement – March 2019 Overview

14th March 2019 | Written by In Accountancy | Categories : Client News, News, Tax Advice
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
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Protect Your Pension Pots

11th February 2019 | Written by In Accountancy | Categories : Client News, Pensions and Payroll
Protect Your Pension Pots

The Insolvency Service has urged individuals saving for retirement to protect their pension pots from criminals and ‘negligent trustees’. Research carried out by the Service found that criminals use a range of tactics to convince savers to part with their
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Spring Statement Date Announced

8th February 2019 | Written by In Accountancy | Categories : News
Spring Statement Date Announced

The Chancellor of the Exchequer, Philip Hammond, has announced that the government will respond to the forecast from the Office for Budget Responsibility (OBR) in the Spring Statement on Wednesday 13 March 2019. The Chancellor may take the opportunity to
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Advisory Fuel Rates For Company Cars

24th December 2018 | Written by In Accountancy | Categories : News
Advisory Fuel Rates For Company Cars

New company car advisory fuel rates have been published which took effect from 1 December 2018. 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
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Entrepreneurs’ Relief Changes

21st November 2018 | Written by In Accountancy | Categories : Client News, News
Tagged in: Budget, Government, Money,
Entrepreneurs’ Relief Changes

The government announced, as part of the Budget, that some changes are being made to the rules for Entrepreneurs’ Relief (ER) with immediate effect for disposals on or after 29 October 2018. Two new tests are to be added to
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Capital Allowances Changes (update with 30 second video)

18th November 2018 | Written by In Accountancy | Categories : News
Capital Allowances Changes (update with 30 second video)

A number of changes to capital allowances were announced at the Budget, including an increase in the Annual Investment Allowance (AIA), for two years to £1 million, in relation to qualifying expenditure incurred from 1 January 2019. The AIA is
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Personal Tax Changes – Allowance and Basic Rate Band Increases

16th November 2018 | Written by In Accountancy | Categories : Client News, News, Personal Tax, Tax Advice
Personal Tax Changes – Allowance and Basic Rate Band Increases

At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20. The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Also for 2019/20, the basic rate band will
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AUTUMN 2018 BUDGET OVERVIEW

30th October 2018 | Written by In Accountancy | Categories : Client News, News, Personal Tax, Tax Advice
AUTUMN 2018 BUDGET OVERVIEW

Autumn Budget 2018 – for “Strivers, Grafters and Carers” Budgets, as we all know, take place on Wednesdays. After the excitement of Prime Minister’s Questions, the Deputy Speaker calls ‘the Chancellor of the Exchequer’ and he – so far we
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