Blog

Accountancy, bookkeeping and taxation are fast-moving areas. It is our job to keep up with changes so that you don’t have to! However, from time to time, we do share urgent, important or even entertaining subject matter with you in the form of our blog. Please browse at your leisure, and if there is any issue about which you would like more detail, please do not hesitate to call us today.

Public transport costs and tax

Date: 15th January 2020

There are certain tax rules that it is important to consider if you pay for the public transport costs of your employees. The provision of public transport costs includes season tickets provided for employees, season ticket costs reimbursed to

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Money laundering and terrorist financing

Date: 15th January 2020

The money laundering rules are designed to protect the UK financial system and put in place certain controls to prevent businesses being used for money laundering by criminals and terrorists. The money laundering and terrorist financing (amendment)

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What qualifies for First Year Allowances?

Date: 15th January 2020

Businesses can claim a 100% first-year allowance (FYA) on the purchase of certain qualifying Plant and Machinery (P&M). The cash-flow benefit of accelerated tax relief is designed to encourage businesses to invest in capital items which help

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VAT – what is a limited cost trader?

Date: 15th January 2020

The VAT Flat Rate Scheme (FRS) has been designed to simplify the way a business accounts for VAT and in so doing reduce the administration costs of complying with the VAT legislation. The scheme is open to businesses that expect their annual taxable

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Close down a company by striking it off the register

Date: 15th January 2020

There are a limited range of circumstances when a company can request to be removed from the register (known as being struck off). For example, a voluntary strike-off can be requested by a dormant or non-trading company.

A limited company can be

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Carry forward unused pension tax allowance

Date: 8th January 2020

The annual allowance for tax relief on pensions is currently set at £40,000. The annual allowance is further reduced for high earners. If your income is in excess of £150,000 you will usually have your allowance tapered. This works by

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Budget date announced

Date: 8th January 2020

The Chancellor of the Exchequer, Sajid Javid has announced that he is planning to hold his first Budget on Wednesday, 11 March 2020.

This announcement follows a turbulent period in Parliament that saw the Autumn 2019 Budget pencilled in for 6

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Big changes following loan charge review

Date: 8th January 2020

The Government has revealed that a number of important changes will be made to the loan charge following the independent review of the disguised remuneration loan charge policy and its implementation by Sir Amyas Morse and his team.

The review

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New funding for farmers announced

Date: 8th January 2020

Over the Christmas and New Year break, the Chancellor announced that nearly £3 billion of funding is to be put in place to help support farmers once the UK leaves the EU. This cash injection will maintain the level of funding for direct

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Getting clients ready for Brexit

Date: 8th January 2020

HMRC has published a useful list to help businesses be prepared to import goods from the EU to the UK as we count down to the 31 January 2020 Brexit date. We are then likely to see a fixed transition period until 31 December 2020 by the end of which

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