COVID-19 support: VAT

  Last updated: 25/03/2020 We appreciate these are very challenging and uncertain times for individuals and businesses and are really hoping that the situation improves sooner rather than later. Rest assured that we are here to help as much as we can. As such, in...

NEW YEAR’S RESOLUTIONS TO SAVE TAX

NEW YEAR’S RESOLUTIONS TO SAVE TAX At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April. An obvious tax planning point would be to maximise your ISA allowances...

How to apply for more time for MTD digital links

  For VAT periods starting on or after 1 April 2020 (or 1 October 2020 for deferred businesses) your accounting systems must use digital links for any transfer or exchange of data between software programs, products or applications used as functional compatible...

Government U-Turn on pensions tax for Doctors and others?

  In earlier blogs we reported that hospital doctors and GPs were lobbying the government to amend the pension tax rules as the current system of restricting tax relief on pension contributions means many doctors paying almost all of the extra salary back in tax...

New VAT rules for the construction sector

Under new rules due to come in on 1 October 2019 builders, subcontractors and other trades associated with the construction industry will have to start using a new method of accounting for VAT. Under the new rules, supplies of standard or reduced-rated building...