by Andrew Totton | Feb 19, 2018 | Uncategorized
What is all the fuss about? Making Tax digital (MTD) is a government initiative that is designed to transform the Tax system by 2020, and will mean the end of the traditional annual tax return. However, the starting timetable is much sooner than this – 2019 for some... by Andrew Totton | Jan 3, 2018 | Uncategorized
The number of penalties HMRC imposed on taxpayers for ‘deliberate errors’ on tax returns rose to 34,100 last year, up from 28,700 in 2015/16. This is due to HMRC looking to squeeze more revenue from taxpayers to bridge the gap between actual tax revenue it receives... by Andrew Totton | Mar 8, 2017 | Budget Announcements, Business Taxes, Self assessment, Starting a business?
Below are a summary of the key points in the Chancellor’s budget on 8th March 2017, from a Tax perspective: · Corporation tax rate to fall to 19% from April 2017, and to 17% by 2020 as planned · The “Making Tax Digital” requirements to be delayed for... by Andrew Totton | Jul 20, 2016 | Budget Announcements, Business Taxes, Starting a business?, Uncategorized, VAT
After the unprecedented result in the EU referendum on 23rd June, and the Leadership campaign to become the next Leader of the Conservatives and also Prime Minister that followed, we now know that we will indeed be leaving the EU, and who will be taking us out.... by Andrew Totton | Mar 16, 2016 | Budget Announcements, Business Taxes, Starting a business?
Today, George Osborne delivered his eight budget, and below we have a summary of the key announcements: Outlook The UK Economy is strong, growing and resilient There are storm clouds gathering over the Global Economy The UK Economy will grow by 2% this year, 2.2% in...
