Uncategorized

The dividend allowance, which was originally introduced from 6 April 2016, was cut from £5,000 a year to £2,000 from 6 April 2018. The cut is likely to have a significant impact on employees and directors of small businesses who receive both salary and dividend...

Chancellor Philip Hammond has delivered his 2019 Spring Statement to the House of Commons. A Written Ministerial Statement (WMS) provides more detail on some of the announcements in the Spring Statement and sets out details of other forthcoming government policies.  Mr. Hammond opened his Statement...

You must beware of tax scams. The HMRC regularly warns taxpayers to be alert to fraudsters purporting to be from HMRC. Recently, they announced that in the last year they deactivated more than 20,000 fake HMRC websites, an increase of 29% on the previous year. HMRC...

A tax investigation costs you money even if you’ve done nothing wrong.   HMRC FACTS   £33 Billion is the estimated tax gap between what HMRC should collect and what it does collect. £17 Billion is attributed to Small Businesses (£14bn) and Individuals (£3bn). Tax and VAT Investigations are a key tool...

Do you know? What is a VAT margin Scheme? A VAT margin scheme is an optional scheme which can be opted by anyone selling the following Second-hand goods, Works of art, Antiques, Collectors’ items   Why do you need a VAT margin scheme?   If you are selling the...

Call Now ButtonCall us now