News
As a result of the COVID 19 pandemic, we will continue to provide our services as usual. Most staff will be working from home but a skeleton staff will be in the office. Please pre-arrange delivery of books and records… more
As a result of the COVID 19 pandemic, we will continue to provide our services as usual. Most staff will be working from home but a skeleton staff will be in the office. Please pre-arrange delivery of books and records by calling the office beforehand. We urge all our clients to keep up to date with support for business measures which are being constantly updated:
https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses
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A dedicated helpline has been set up to help businesses and self-employed individuals in financial distress, and with outstanding tax liabilities, receive support with their tax affairs. Through this, businesses may be able to agree a bespoke Time to Pay… more
A dedicated helpline has been set up to help businesses and self-employed individuals in financial distress, and with outstanding tax liabilities, receive support with their tax affairs. Through this, businesses may be able to agree a bespoke Time to Pay arrangement. If you are concerned about being able to pay your tax due to COVID-19, HMRC’s dedicated helpline is 0800 0159 559. Before contacting HMRC, ensure you have the following information to hand: Reference number (e.g. 10-digit Unique Taxpayer Reference or VAT reference number). Value of the tax bill you’re finding it difficult to pay and the reasons why. How the… more
If you currently own UK residential property, you need to be aware of the new rules which will take effect from April 2020. From this date UK residents are required to submit a return to HMRC within 30 days to report… more
If you currently own UK residential property, you need to be aware of the new rules which will take effect from April 2020. From this date UK residents are required to submit a return to HMRC within 30 days to report any gain on the disposal (direct or indirect) of UK residential land and property. The capital gains tax also needs to be paid within the 30 day deadline where previously it was due on 31 January following the tax year of disposal . It may not be possible to finalise the tax liability within the 30 days but the calculation can be amended as part… more
From 6 April 2020 the calculation of company car taxable benefits will be changed to favour electric and hybrid vehicles This is good news for some company car drivers. However, due to a switch in the methods used for measuring… more
From 6 April 2020 the calculation of company car taxable benefits will be changed to favour electric and hybrid vehicles This is good news for some company car drivers. However, due to a switch in the methods used for measuring vehicles' CO2 emissions, there will be two different tables to work out the taxable benefit of a company car. Cars first registered on or after 6 April 2020 will have lower taxable benefits at every level of emissions than cars registered before that date. However, the 'new car' tables will be adjusted to catch up with the 'old car'… more
