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11 Sep 2019

VAT: Construction industry reverse charge

HMRC have announced that the introduction of the 'construction industry reverse charge' has been deferred for 1 year, to 1 October 2020.

This delay has been welcomed by the majority of both Accountants and their effected clients,...

21 Jun 2019

If you were in the self-assessment tax system last year (Tax Year 05.04.18) and your total income tax liability was more than £1,000; You may be due to make your second payment on account for the year ended 5 April 2019. This is due by 31 July 2019. However you may not...

3 Jun 2019

If like us, you are a believer in the importance of entrepreneurial thinking; There is something distinctly depressing about the idea of businesses deliberately limiting their growth to avoid breaching an arbitrary target. And yet that’s exactly the kind of behaviour th...

12 Jul 2018

If you are already in the self-assessment tax system (i.e. this is not your first self-assessment tax year) then you may be due to pay your second payment on account for the year ended 5 April 2018 by 31 July 2018. However you may not need to pay it at all, or indeed an...

22 May 2018

From April 2019 all VAT registered businesses with turnover above the VAT threshold will be required to maintain digital records and will need to send their VAT information to HMRC using third party commercial software. HMRC’s online portal will remain available to all...

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