Quarterly accounts filing

Jan 05, 2016

At present smaller businesses are required to file accounts once a year with HMRC when their Self Assessment or Corporation Tax returns are filed.

HMRC are now moving towards the provision…

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Other changes proposed

Jan 05, 2016

The government has also published its intention to change a number of other tax reporting issues. Some of the more impactful for smaller businesses and Self Assessment tax payers are reproduced below:

  1. Simple…

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Car fuel advisory rates changes

Jan 05, 2016

 From 1 December 2015, the advisory fuel rates have changed to:

1400cc or less: petrol 11p per mile, LPG 7p per mile

1401-2000cc: petrol 13p per mile, LPG 9p per mile

Over…

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Tax Diary January/February 2016

Jan 05, 2016

1 January 2016 - Due date for Corporation Tax due for the year ended 31 March 2015.

 19 January 2016 - PAYE and NIC deductions due for month ended 5 January 2016. (If you pay your tax electronically…

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Business flood victims support fund

Jan 04, 2016

Businesses caught up in the devastation of Storm Eva will be able to apply for £6 million of government money to get their doors back open to customers.

Read Winter…

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Tax helpline for those affected by recent flooding

Dec 17, 2015

Readers affected by the recent floods, particularly in the north-west of England, should take note that HMRC has created a support line. If your business was affected you should call HMRC as they…

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Draft finance bill clauses published

Dec 15, 2015

HMRC has issued the following information regarding the publication of draft clauses of the Finance Bill 2016:

New draft tax legislation has been published (9 December 2016) to implement…

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Training for employees and franchisees

Dec 11, 2015

Employers who pay for their employees and sub-contractors to attend training courses may be interested in the following directive from HMRC, issued July 2015.

The cost of food and accommodation…

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National Living Wage

Dec 08, 2015

HMRC has issued the following information regarding the imminent launch of the NMW 1 April 2016. Firms are advised to take simple steps now as poll reveals 93% of bosses support initiative, with majority…

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