Loans to employees
March 6, 2019

A reminder that if your business makes a loan to your employees or their relatives this can create tax problems for both employees and employers. And please don’t forget that the term “employee” includes directors, and also...

Read More...
Phone scams
March 5, 2019

It would seem that fraudsters, keen to relieve you of your hard earned cash, are switching to phone calls now that email scams are becoming less effective.

HMRC recently issued the following instructions to UK taxpayers and requested...

Read More...
HMRC\’s drive towards digitisation
February 28, 2019

Digitisation is simply the conversion of text, pictures, numbers and sound into a form that can be processed by a computer.

Add to this the replacement of feet on the ground with algorithms and programs that respond to certain criteria...

Read More...
What is TSP?
February 26, 2019

HMRC have issued a letter to VAT registered traders that either export or import goods to and from the EU. They are introducing new Transitional Simplified Procedures (TSPs) for customs purposes.

For importers the text...

Read More...
How lean is your business?
February 21, 2019

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...

Read More...
Parliament eases through Finance Act 2019
February 19, 2019

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...

Read More...
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...

Read More...
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...

Read More...
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...

Read More...
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...

Read More...