Summer 2018 Newsletter

MTD is Coming

Making Tax Digital (MTD) is on the horizon for many businesses. It represents a momentous change in the way taxpayers keep records and submit information to HMRC.

Growing Your Business

The Office of Tax Simplification has reported that the tax system needs to do more to help UK businesses achieve their potential.

New Tax Year, New Tax Plans

As we head into the season to submit tax returns for the tax year ended 5 April 2018, it’s a good time to think about saving tax in the current tax year.

Buying Property Across UK Borders

Now that Wales and Scotland each has its own property tax regime, the rules affecting the purchase of property have changed. Close attention to detail will be needed to ensure that correct procedures are adhered to.

Save Energy, Save Tax – With Enhanced Capital Allowances

Did you know that a business which invests in energy-saving plant or machinery may be able to take advantage of an HMRC tax break?

Employee Rights: Shared Parental Leave

Following suggestions that less than half the public is aware of the scheme, HMRC are promoting awareness of Shared Parental Leave (SPL) rights among employees.

IR35 – Change Ahead?

Over the last months, there have been several tax tribunal cases involving IR35 contractors – is change ahead?

Income or Gains From Abroad?

There are new tough penalties on the horizon for UK taxpayers who haven’t told HMRC about foreign income or gains on which UK tax may be due.