MTD Progress Report
4th October 2016Making Tax Digital: Are you prepared?
As HMRC further consults over their 4 year plan to digitise the tax system, our Tax Group briefs clients on some of the issues:
Other items in Blogs
Kim Clayden
13th April 2018
Making Tax Digital Seminar Two – St Ives
Our second MTD seminar was in St Ives at the Slepe Hall Hotel on Thursday 12th April. Which was a much more convivial venue. A smaller group meant more personal conversations with our clients and we were able to give a number of clients the time they needed to fully understand the next steps for…
Daniel Coleman
11th April 2018
Making Tax Digital ‘Roadshow’ – Huntingdon
We have begun the first of eight seminars discussing the preparation needed for making tax digital. Our first seminar kicked off in Huntingdon at the Marriott hotel and was a great success. With around 30 people attending we explained to clients what making tax digital was, how it was going to effect them and more…
Paul Jefferson
5th April 2018
Reclaiming VAT: Checking the validity of your supplier invoices.
VAT registered businesses will be aware that they can only reclaim VAT on business purchases if they have a valid VAT invoice. For supplies over £250, this invoice should disclose: Supplier: sales invoice unique sequential invoice number, name, address and VAT number. Date and tax point, if different Your name and address Description…
Scott Butcher
5th April 2018
Deadline Approaching for ATED forms
If you have a residential property which is worth more than £500,000 and is held in a company then you will be required to complete an Annual Tax on Residential Dwellings (ATED) form. The deadline is fast approaching with all ATED forms for 2018 to 2019 tax year being due for filing by 30th…
Vanessa Pearson
5th April 2018
HMRC loses IR35 case
A contractor in the construction industry, Mark Daniels, has won his appeal against HMRC. In MDCM Ltd v Revenue & Customs, HMRC were defending their decision that a contract between Mr Daniels’ personal service company MDMC Ltd and recruitment agency Solutions, which provided his services to Structure Tone Ltd, should have been caught by…
Richard Alecock
5th April 2018
Top mistakes tax payers make when completing their tax returns.
Making mistakes on self assessment tax returns however innocent can lead to enquiries, investigations and additional tax, interest and penalties. Below are some of the top mistakes many people make: Forgetting to include income from a previous employment that ended part way through a tax year. Forgetting to include benefits from a previous employment…