A few days ago the 2018 Autumn Budget was announced in Parliament, outlining the Government’s annual review and future spending strategies. A helpful summary of the main points from this Budget can be found on our website under the Reports section. If you require any further advice or have any questions relating to this Budget […]
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VAT – Brexit In just over five months, on 29th March 2019, after two long years of negotiating, the UK will be leaving the EU. Even if the possibility of the UK leaving without a trading agreement in place seems rather unlikely, it is still prudent for businesses who deal with VAT to have a […]
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If you are required to make a payment to HMRC before the end of the month you may be able to reduce the amount due, or eradicate it all together. The payment due represents half of your total liability for the previous tax year (2016/17) and is paid upfront towards the subsequent tax year (2017/18) […]
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The new tax year has recently commenced, bringing with it a host of new legislation. The tax free personal allowance for individuals has risen from £11,500 to £11,850, with income between £11,850 and £46,350 being taxed at the basic rate of 20%, £46,350 to £150,000 will be taxed at the higher rate of 40%. If […]
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With another 31st January having just past and little over two months until the end of the 2017/18 tax year it is a prime time to start thinking of ways to reduce your personal or company tax bill, whether in the current tax year or the next. February and March represent an ideal opportunity to […]
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With the Christmas build-up in full flow and just over a week to go until the big day we would like to take this opportunity to thank all of our clients, both old and new, for another wonderful year. Over the course of the year we gained many new clients and are eager and excited […]
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The 2017 Budget Statement was announced on 22nd November 2017. Please click on the link below to read our analysis. As always, if you have any questions, or would like to discuss anything in further detail then please do not hesitate to give us a call or drop us an email. 21855-LEWISCO-A5 PDF-Sterling
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1. Travel Allowance Many of you will know about the HMRC approved mileage allowance payments, paying 45p per mile for the first 10,000 miles travelled and 25p thereafter. However, under certain circumstances, there may be an opportunity to claim more than these standard amounts – potentially up to 60p per mile. 2. Joint Income Usually […]
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With the summer now in full swing, we are sure that dealing with HMRC will be at the back of everyone’s minds (let alone handing over more money to them!). If HMRC have requested for you to make payments on account (because your tax liability for the previous year was above £1,000) then 31st July […]
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I am sure you have all heard in the news of a new, revolutionary and supposedly more efficient tax reporting system being introduced by everyone’s favourite government department. Of course I am talking about Making Tax Digital. Making Tax Digital, or MTD for short, is simply a new tax system dreamt up by HMRC with […]
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