Making Tax Digital

Making Tax Digital (MTD) is an HMRC initiative designed to make sure the UK tax system is effective, efficient and easier for taxpayers. MTD is a key part of the government’s plans to make it easier for individuals and businesses …

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Cars Purchased by a Business

If a business decides to purchase a car for use in the business there are a number of tax implications that need to be considered and below is a brief summary of some of these taxes. VAT As a general …

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What is HMRC’s Personal Tax Account?

HMRC have recently set up a personal tax account which allows you to access your records held by HMRC and manage your tax affairs online, quickly and easy, whenever you want. It brings together all your tax information in one …

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Property Transfers

You could write a book about the tax implications of transferring property from one person to another, but not too many people would have the time to read it. It is a good idea to consider every possible tax before …

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RENEW YOUR TAX CREDITS TODAY

The tax credits renewal deadline is 31 July 2018 – DON’T MISS IT! If you don’t renew your tax credits before the deadline, your payments will automatically stop and you may have to repay the money you received since 6 …

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Tax Free Childcare

Tax Free Childcare was launched in February 2017 and was phased in based on the child’s age. From February 2018, the scheme has been fully phased in and all eligible families can now benefit from Tax Free Childcare. Tax Free …

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Tax implications of paying sponsorships and donations from your company

Sponsorship can be a great way to advertise your company and in many cases can show your customers that you are involved with a local club or event. In order for sponsorship costs to be allowable in your company accounts …

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UK Withdrawal from EU & transition- draft agreement

The EU Council meeting in March marked a critical moment in the ongoing Brexit negotiations between the UK and the EU when political agreement on what was termed a Transition Deal was reached. The terms of the Transition Deal were …

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What is GDPR?

General Data Protection regulation (GDPR) will come into force on 25 May 2018 and replaces the current Data Protection Act. GDPR is an overhaul of existing EU legislation on data protection. It controls the way data is collected, used and …

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What is an Apprentice?

All workers are entitled to the national minimum wage depending on their age but can differ if they are classed as an ‘apprentice’. Currently the minimum wage for an apprentice is £3.70 per hour and applies to apprentices if they …

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