UK Accounting News

March 2021 Budget Summary

March 2021 Budget Summary Our summary of the main points of the Chancellors budget announced on 03rd March 2021. Contains Information relating to Individuals, Employees and Employers. Please note that some items are still to be rubber stamped and or we await further...

What is Tax Avoidance

What is Tax Avoidance Tax avoidance involves bending the tax rules to try to gain a tax advantage that was never intended. It usually involves contrived transactions that serve no real purpose other than to artificially reduce the amount of tax that someone has to...

HMRC’s Brexit Plans

HMRC's Brexit Plans What Brexit VAT implications does your business need to be aware of? How businesses manage Value Added Tax (VAT) will radically change this year because of two events: the introduction of Making Tax Digital (MTD) and Brexit. The former is a...

New Tax Year Rates and thresholds

New Tax Year Rates and thresholds Unless otherwise stated, these figures apply from 6 April 2021 to 5 April 2022. PAYE tax and Class 1 National Insurance contributions You normally operate PAYE as part of your payroll so HMRC can collect Income Tax and National...

Making Tax Digital (MTD) VAT, Changes

What is 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. Making Tax Digital for business (MTD-FB) begins on 1 April 2019 with MTD for VAT. From that date,...

CIS Tax Refunds – Apply Now

CIS Tax Refunds now available

Top 10 worst tax return excuses

HMRC reveals Top 10 worst tax return excuses for 2014

Digital Tax

The government is committed to reducing burdens for taxpayers and building a transparent and accessible tax system fit for the digital age.