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New VAT Rules for Building Trade in 2019

Under new rules due to come in on 1 October 2019 builders, subcontractors and other trades associated with the construction industry will have to start using a new method of accounting for VAT. The measure is designed to combat VAT fraud in the construction sector labour supply chain which HMRC argue presents a significant tax[...] Read more »

Gold Sponsors at the SME Bedfordshire Business Awards

We were delighted and proud to be Gold Sponsors at the SME Bedfordshire Business Awards 2018 of the Best Customer Service Category last Thursday evening.  The winning place going to Subway, Biggleswade, and runner up to AllenDay Recruitment – Congratulations to both.     

Marriage Allowance

Marriage Allowance is a way for couples to transfer a proportion of their individual Personal Allowance between them in a tax-efficient manner. For 2018/19, the maximum amount that can be transferred from one partner to the other is £1,190, which means that the spouse or civil partner receiving the transferred allowance will be entitled to[...] Read more »

Tax refund scams still a problem

HMRC has published statistics for March 2018 which show that it requested that more than 2,600 phishing websites be removed and that it received over 84,000 reports of suspicious e-mails, phone calls and texts. Claim your refund! The usual format for phishing e-mails and texts is to suggest that you’re entitled to a refund and then[...] Read more »

Tax and VAT Investigations

HMRC are chasing an estimated £33bn tax gap between what it should collect and what it does collect.  Over half of this is attributed to Small Businesses (£14bn) and Individuals (£3bn). Tax and VAT Investigations are a key tool in reducing this deficit. HMRC use sophisticated software to cross match a wide range of data[...] Read more »

CGT to be paid earlier on property disposals in 2020

HMRC are consulting on the mechanism for collecting CGT on residential property disposals from April 2020, when the tax will be due within 30 days of completion. This will be instead of the normal payment date of 31 January following the end of the tax year and is yet another attack on buy to let[...] Read more »

HMRC Lose IR35 Case

There was recently an IR35 decision involving Christa Ackroyd Media Ltd, a company set up by a TV presenter to supply her services to the BBC, where it was held that the IR35 personal service company rules applied to the arrangements. In a recent case involving a night manager on a building site, another tribunal[...] Read more »

Changes to Termination Payments

Care is always required when employees are made redundant or payments are made on the termination of employment. Not only are there employment law considerations, there are also important tax implications and this is an area where professional advice is strongly recommended to avoid unnecessary pitfalls. The tax treatment of these payments changed from 6[...] Read more »

Making Tax Digital (MTD) Update

The regulations come into force on 1 April 2019 for all VAT registered businesses with turnover above the VAT threshold. The earliest MTD requirements for all other taxes (income and corporation) will be from the 1 April 2020. Software pilots are in progress and we will keep you updated if this date moves and what[...] Read more »

Gold Sponsors of the SME Bedfordshire Business Awards – Best Customer Service 2018

Following on from winning the Best Customer Service Award at the SME Bedfordshire Business Awards 2017, this year we are delighted and proud to be the Gold Sponsors of the Best Customer Service Category for 2018. If you are interested in entering any of the SME Awards, please visit www.bedfordshireawards.co.uk for more information. You can enter[...] Read more »



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