Making Tax Digital dropped from Finance Bill
Plans to digitise the tax process, along with another 70 clauses, were dropped from the Finance Bill during the Finance Bill Committee Stage Debate in the House of Commons, yesterday afternoon….
Tax
Tax might be inevitable, but it’s also pretty confusing at times. Find out how and when you need to pay tax in your business, what tax relief and allowances are available, and discover tips and advice to help you keep good financial records quickly and easily.
49% of SMEs Lose Money Due to Self Assessment Submission Errors
In our Small Business Survey, it was revealed that 49% of small business owners have lost money through Self Assessment submission errors, either by receiving fines or by paying more tax as a result….
Public sector bodies must take ‘reasonable care’ with IR35
A new clause has been entered in updated IR35 legislation, which instructs public sector bodies to take ‘reasonable care’ when determining the IR35 status of a contractor from 6th April 2017….
Class 4 NICs won’t increase: But what will happen instead?
Yesterday, Chancellor Philip Hammond announced that the planned increase to National Insurance Contributions (NICs) would not be going ahead….
VAT Flat Rate Scheme Changes
Changes to the VAT Flat Rate Scheme announced in November’s Autumn Statement will take affect from 1 April 2017, in order to tackle ‘aggressive abuse’ of the scheme….