Tax

Go Simple Tax account deferral advise

Should You Defer A Client’s Second Payment On Account? For those that are new to the Self Assessment tax return process, payments on account are one of the most common stumbling blocks. Despite being introduced as an initiative to help taxpayers spread their tax payments, it often results in annual frustration and can actually harm your client’s cash flow if

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Key Tax Savings for clients who are self-employed hospital workers.

While the nation’s attention is currently fixed on the work of our carers and hospital workers, little thought is paid to those that are self-employed and still need to submit their tax returns. Of course, it’s sometimes tough to determine what counts as a deductible expense and what doesn’t. That’s why we’ve asked Mike Parkes from GoSimpleTax to provide a

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Still not filed your 18/19 tax return?

Still not filed your 18/19 tax return to be eligible for the Self-Employed Income Support Scheme You have until 23rd April 2020 to do so – don’t lose out, file today. https://www.gosimpletax.com/iab/

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New Tax Year has started

Use your time wisely get your ducks in a row now for your 19/20 Tax Return. Be ready with your income and tax Liability for 19-20. https://www.gosimpletax.com/iab/

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Businesses ‘need urgent clarity on off-payroll change’

The Association of Taxation Technicians (ATT) is calling for greater clarity on next April’s changes to the off-payroll rules. From April 2020, the off-payroll rules that already apply to contractors engaged in the public sector will be extended to the private sector. This will shift responsibility for determining whether an engagement falls within the off-payroll rules from the worker’s personal

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HMRC Talking Points

HMRC’s regular Talking Points provide ongoing information, guidance and tips to help you to understand tax issues. Here’s a selection of some of the Talking Points webinars coming up. There are a limited number of spaces, so you are advised to book your place early. New VAT reverse charge for construction services: Do you have clients who provide building services?

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HMRC calls on universities to protect students from tax scams

Students starting university this month could be the likely targets of a fresh wave of tax scams, HMRC is warning. The Revenue is writing to UK universities advising them to warn new students about tax scams sent by fraudsters looking to steal students’ money and personal details. Over 620,000 tax-related email scams were reported to HMRC last year – up

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Government’s insolvency priorities switch ‘will harm UK economy’

Government plans to prioritise payments of debt to HMRC over repayments to other creditors in insolvency cases have been slammed by leading industry figures, who say the move “will have serious consequences for the UK economy”. In a letter to Chancellor Sajid Javid, signed by among others representatives from R3, ACCA, ICAS, ICAEW and the Insolvency Practitioners Association, the government

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Getting ready for Brexit – update

The Government has said the UK will be leaving the EU on 31 October. Leaving the EU without a deal means there will be immediate changes to the way UK businesses trade with the EU that may impact your business, your clients’ businesses or the business you work for. HMRC has started writing to VAT registered business to let them

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