by admin | Apr 25, 2019 | Uncategorized
According to Close Brothers, in terms of productivity – something assumed to be one of the largest challenges facing business – the UK lags behind the rest of the G7 by 16%. Nearly half of UK small and medium-sized enterprises (SMEs) say new technology would increase...
by admin | Apr 25, 2019 | Uncategorized
The Spring Statement, delivered in March by Philip Hammond, included an update and open consultation on Structures and Buildings Allowance (SBA). The relief is available for new commercial structures and buildings – and will also be available where an existing...
by admin | Apr 25, 2019 | Uncategorized
The new Making Tax Digital for VAT (MTDfV) rules came into effect on the 1 April 2019. The new rules require businesses with an annual VAT-taxable turnover above £85,000 to keep digital records for VAT purposes, and to submit their VAT return to HMRC using...
by admin | Apr 25, 2019 | Uncategorized
P11D forms are due, by 6 July 2019, for the year which ended on 5 April 2019. The P11D is used to report benefits and some expenses provided to directors and employees. If, as an employer, you report your employee benefits by year, using payrolling, you do not need to...
by admin | Apr 25, 2019 | Uncategorized
The new tax year, effective from 6 April 2019, brings changes to income tax allowances and bands. The following updates now apply. Rates of Tax While the basic rate of tax will remain at 20%, the 2019/20 basic rate band – the threshold above which income is taxable at...
by admin | Apr 25, 2019 | Uncategorized
The UK Government has issued new advice to small businesses on how they could be affected by the UK’s leaving the EU. The documents contain advice regarding a range of issues, such as sending and receiving personal data and EU-UK trading. The UK government recommends...
