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Tag: Money

Latest Guidance For Employers

11th June 2019 | Written by In Accountancy | Categories : Pensions and Payroll
Tagged in: Government, HMRC, Money, Payroll,
Latest Guidance For Employers

HMRC has issued the latest version of the Employer Bulletin. This April edition has articles on a number of issues including: Cash Allowances, Flexible Benefits Packages and Salary Sacrifice Unpaid work trials and the National Minimum Wage Diesel Supplement Company
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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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Government Confirms Implementation of Pensions Dashboards

8th June 2019 | Written by In Accountancy | Categories : 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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Money Laundering

5th June 2019 | Written by In Accountancy | Categories : Client News, Limited Companies, News
Tagged in: Government, HMRC, Money,
Money Laundering

HMRC has published a list of businesses that have not met their obligations under the Money Laundering Regulations. As a supervisor of the Money Laundering Regulations HMRC has a duty to publish details of businesses that have been penalised for
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‘Springtime’ Tax Scams Target Young People

4th June 2019 | Written by In Accountancy | Categories : Client News
‘Springtime’ Tax Scams Target Young People

HMRC has warned young people in the UK to ‘stay vigilant’ in order to avoid falling victim to ‘Springtime’ tax refund scams. Criminals often target young individuals or the elderly as these groups of people are likely to be less
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Consultation on Extension of IR35 Rules

3rd June 2019 | Written by In Accountancy | Categories : Contractors, Tax Advice
Consultation on Extension of IR35 Rules

HMRC has published guidance on the extension of the off-payroll working rules (also known as IR35) to the private sector, a year ahead of its implementation on 6 April 2020. In the guidance, HMRC state that the responsibility to determine
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HMRC Wins Disguised Remuneration Avoidance Case

2nd May 2019 | Written by In Accountancy | Categories : Tax Advice
HMRC Wins Disguised Remuneration Avoidance Case

HMRC has won a legal case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd. As a result, HMRC will now be able to collect more than £40 million in unpaid taxes. The scheme in question was a disguised
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Call for Tax on Social Media Businesses

30th April 2019 | Written by In Accountancy | Categories : Tax Advice
Call for Tax on Social Media Businesses

A group of MPs has called on the government to tax the profits of social media businesses. The All Party Parliamentary Group (APPG) on Social Media and Young People’s Mental Health and Wellbeing recently published a report which outlined the
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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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Delay to Rise in Probate Fees

26th April 2019 | Written by In Accountancy | Categories : Client News
Delay to Rise in Probate Fees

The government has delayed its planned increase in probate fees indefinitely. The delay has been attributed to ‘pressure on Parliamentary time‘ caused by Brexit debates and votes. The increase in fees had been set to take effect from 1 April 2019,
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Reporting Benefits in Kind – Forms P11D

23rd April 2019 | Written by In Accountancy | Categories : Client News, Personal Tax, Tax Advice
Reporting Benefits in Kind – Forms P11D

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
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Changes to Income Tax for 2019/20

20th April 2019 | Written by In Accountancy | Categories : Client News, Personal Tax, Tax Advice
Changes to Income Tax for 2019/20

The new tax year brings changes to income tax bands and allowances. The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction in the personal allowance for those with ‘adjusted net income’ over
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