Goodbye 2017-18 and hello to 2018-19
February 14, 2019

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...

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What was all the fuss about?
February 12, 2019

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...

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Happy days
February 7, 2019

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...

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How to cope with recession
February 5, 2019

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...

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Tax Diary February/March 2019
February 4, 2019

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...

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What can you give away before the end of the tax year?
February 4, 2019

You can give away £3,000 worth of gifts each tax year (6 April to 5 April) without them being added to the value of your estate. This is known as your ‘annual exemption’.

You can carry any unused annual exemption...

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What is the government doing to prepare us for Brexit?
February 4, 2019

According to a recent announcement on the GOV.UK website, preparations include:

  • Recruitment of 700 new staff to work on EU Exit policy using additional funding allocated by HM Treasury for Brexit preparedness.
  • Passing...

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Are you ready for the VAT filing changes?
February 4, 2019

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)...

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What are your tax planning options for 2018-19?
February 4, 2019

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...

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Government fiddles over Brexit
January 29, 2019

Leaving aside the fact that there were no violins available, it’s interesting to seek a comparison between the supposed musical antics of Nero in AD64 as Rome burned and our government, preoccupied with important political matters as...

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