Tax Return Deadline is Approaching

It comes around almost as fast as Christmas, and here we are again. The 31 January 2018 marks the deadline for filing of the 2016/17 Self-Assessment Tax Return (SATR). Individuals who are required to submit a SATR include, the self-employed and some landlords, investors, company directors, high earners and people who have worked overseas. Those … Continue reading Tax Return Deadline is Approaching

Tax Return Deadline is Approaching

It comes around almost as fast as Christmas, and here we are again. The 31 January 2017 marks the deadline for filing of the 2015/16 Self-Assessment Tax Return (SATR). Individuals who are required to submit a SATR include, the self-employed and some landlords, investors, company directors, high earners and people who have worked overseas. Those … Continue reading Tax Return Deadline is Approaching

Digital Tax Reporting – The Story So Far

In 2015 the Government announced its commitment to bringing our tax system into the 21st century by introducing digital technology and dispensing with the annual tax return.  The new system would involve digital quarterly reporting with a view to making tax simpler and easier to manage for the taxpayer.  The Financial Secretary to the Treasury, … Continue reading Digital Tax Reporting – The Story So Far

Free Research & Development Seminar

Has your company spent money developing a new product or software? Have you made any advances in science and/or technology? If so you could be eligible for R&D uplift as high as 130% on your development expenses! Projects don’t have to succeed to claim. Green & Co Accountants and Tax Advisors are running a seminar … Continue reading Free Research & Development Seminar

Dividends – What Isn’t Changing?

The way they are taxed may be changing, but the other rules and procedures surrounding dividend payments have not. Here is a brief re-cap of the key actions and considerations to bear in mind when making dividend payments: There must be distributable reserves in the business that cover the dividend payments. This is company law and … Continue reading Dividends – What Isn’t Changing?

Don’t Put Off Until January What You Can Do In July…

It’s February again, and many an accountant and tax advisor is heaving a sigh of relief that another self-assessment deadline has passed. The month of January often puts extra pressure on accounting professionals as they endeavour to submit eleventh-hour returns before the end of the month to help their clients avoid penalties and interest on … Continue reading Don’t Put Off Until January What You Can Do In July…

Government Online Services Outdated

According to a new study by technology company EMC, UK businesses are spending the equivalent of a working month a year struggling to use governmental digital services. Business leaders estimate that five hours each week could be saved if the services were brought into line with the types of modern applications now common in the … Continue reading Government Online Services Outdated

Changes To HMRC Debt Recovery Scheme

Following concerns over the announcement that HM Revenue & Customs had been given the power to enforce direct debt recovery, an amendment has been made to the Finance Bill to protect the more vulnerable tax payer. The amendment states that HMRC must consider whether an individual might be “at a particular disadvantage” as far as … Continue reading Changes To HMRC Debt Recovery Scheme

Is It Time To Ditch Your Fuel Charge Benefit?

The car benefit charge multiplier increased from £21,700 to £22,100 on 6 April 2015 and, with effect from 6 April 2016, will increase again in line with the retail prices index. The equivalent benefit for vans is £594 and, again, will increase in line with the retail prices index. This means, for example, if your … Continue reading Is It Time To Ditch Your Fuel Charge Benefit?

MAPs For Compliance – Mileage Claims

HMRC’s approved mileage allowance payments (MAPs) are the mileage rates which can be claimed in a variety of circumstances for tax compliance. Since 2011 the rates have remained unchanged; in each tax year 45p per mile can be claimed on the first 10,000 business miles carried out. For business miles in excess of 10,000, 25p per … Continue reading MAPs For Compliance – Mileage Claims