There are obvious benefits to your personal wellbeing if you sweat it out at the gym three times a week: improved stamina, enviable muscle tone, endorphin buzz and unwanted pounds shed. But could your business benefit from a similar process?
We are not suggesting that business owners and their staff leap to their feet and jog...
According to a recent government announcement, 32 million people will be better off as the Finance Bill 2018-19 receives Royal Assent.
Treasury pundits who wrote the announcement said:
A basic rate taxpayer will payat least £1,200 less income tax than they did in 2010, thanks to the government’s changes, giving people more help with the cost of living.
As...
The deadline for filing 2017-18 self-assessment tax returns without paying a penalty for late submission has passed (31 January 2019).
But a new and pressing deadline now presents itself: 5 April 2019.
As we have outlined in previous posts, most tax planning needs to be considered and actioned before the end of the tax year to be...
Last year, the 23 May 2018 to be precise, the UK adapted the General Data Protection Regulations (GDPR). The deadline created a rush of publicity and activity as businesses across the UK pored over their data processing systems, making changes to accommodate the new rules.
After the deadline, its as if the curtain came down on...
In what amounts to a single-issue mini-budget the Treasury posted a welcome announcement for the manufacturers and consumers of alcoholic products last week. They said:
The Chancellor announces that alcohol duties are frozen
From today, (1 February 2019) taxes on beer, cider and spirits are frozen for another year, keeping costs down for industry and consumers...
Recession literally means “the act of going back, of receding…”
Economic pundits have hijacked the word to mean “a period of temporary economic decline during which trade and industrial activity are reduced…”. It is usually heralded by a fall in Gross Domestic Product (GDP).
According to many commentators on the state of the UK economy we are...
1 February 2019 - Due date for Corporation Tax payable for the year ended 30 April 2018.
19 February 2019 - PAYE and NIC deductions due for month ended 5 February 2019. (If you pay your tax electronically the due date is 22 February 2019)
19 February 2019 - Filing deadline for the CIS300 monthly return for...
Options for adopting 99% of tax planning opportunities for 2018-19 ends on 5 April 2019, just a couple of months away.
This applies equally to individuals and all businesses with an accounting year end close to, but prior to 5 April 2019.
More importantly, this planning option applies to all taxes: Income Tax, Capital Gains Tax and...
A reminder that from 1 April 2019, VAT registered traders with turnover in excess of the current VAT registration limit, £85,000, will need to file returns after 1 April 2019 linked to HMRC’s Making Tax Digital (MTD) systems.
Accounts software providers have been working at some pace to change their software, so they “speak” to HMRC’s...
According to a recent announcement on the GOV.UK website, preparations include: