Spring Statement 2018

As you would expect, the Spring Statement delivered by the Chancellor Philip Hammond, to Parliament on 13 March 2018, was peppered with party politica... Read More >>
Time to raid piggy banks

From the 1 March 2018, the old-style £10 notes featuring Charles Darwin, ceased to be legal tender. A recent announcement by Companies House sug... Read More >>
Massive fine for making VAT payment one day late

In a recent case considered by the courts a company was fined £297,845 for being one day late in paying their VAT. The case highlights the unpre... Read More >>
Tax Diary March/April 2018

1 March 2018 – Due date for corporation tax due for the year ended 31 May 2017. 2 March 2018 – Self assessment tax for 2016/17 paid after ... Read More >>
Claiming expenses by the mile

A reminder that employees can make a claim for the business use of their own cars, motorcycles or cycles by logging their business mileage and applyin... Read More >>
Tax-free childcare support expanded

From 14 February 2018, tax-free childcare is available to all remaining eligible families: parents whose youngest child is under 12. The new scheme ai... Read More >>
Inheritance tax in for an overhaul

The Office for Tax Simplification (OTS) has been tasked by government to review key aspects of the inheritance tax (IHT) legislation. According to inf... Read More >>
Tax and making loans to employees

A reminder that making loans to your employees or their relatives can create tax problems for employees and employers. For example, the employer will ... Read More >>
New protection for company directors from identity fraud

The Department of Business, Energy & Industrial Strategy issued the following announcement last week: Company directors are twice as likely to be ... Read More >>
Just a few weeks to the end of the tax year

The 5 April 2018, is the next key marker for tax advisors, the end of the current tax year. Why is this date especially important? Each tax year, taxp... Read More >>

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