On 14th March there was a majority vote to delay Brexit, and delay leaving the EU on the 29th March. The EU has now granted the UK 3 weeks to seek a further extension or leave without a deal on 12th April, meaning that there is a limited time for businesses to prepare in the …
Continue reading “No-Deal Brexit: How your business needs to prepare if you trade with the EU”
Yesterday, Chancellor Philip Hammond delivered his Spring Statement – here are the main points given in the Statement regarding the economy and how these changes could potentially affect taxpayers. Key Points Economic growth UK gross domestic product (GDP) is set to grow by 1.2% in 2019 Then 1.4% in 2020, and 1.6% in the following …
Continue reading “Spring Statement 2019 – What Are The Key Points, And Will Your Taxes Be Affected?”
Every year, tens of thousands of taxpayers receive e-mails on tax refunds which appear to be from HMRC; Although at first glance they may look like the real deal, don’t fall into this trap – they are actually phishing scams sent from unofficial sources and they are designed to deceive the taxpayer into giving out …
Continue reading “Identify HMRC-related Phishing Scams in 7 Steps”
We understand that it can be tedious and sometimes challenging for a business to maintain its bookkeeping, pay taxes, and keep up to date with VAT regulations and on top of that run a successful business. So, here we’ve included a step by step guide on how to pay your business’s Corporate Tax. What is …
You have probably heard about how Making Tax Digital (MTD) is going live in April – as HMRC is quickly becoming one of the most digitally advanced tax administrations in the World, more individuals and small businesses are getting ready to submit their VAT tax returns using online software from 1 April 2019. So how …
You will know that Tax year 2019/2020 begins on 6 April (a month away) – but are you aware that new tax rates will also be coming into play? There will be changes to Car benefits, National Insurance Contributions, but perhaps most importantly the rates of Income Tax are set to change. You may be …
Continue reading “Income Tax Rates Change This Year – How Will You Be Affected?”
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