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Temporary workplace travel expenses question:

I am an IT consultant and I provide my services via my limited company, which operates outside the IR35 rules. I started working on my current contract just over two years ago – although when I started, I did not know that it would last this long. Do the temporary work place rules on allowable[...] Read more »

25 Prizes for 25 Years – Christmas Raffle 2017

With it being our 25th year in business we decided to have 25 prizes to celebrate our 25 years! Here are just a few of our Christmas lucky prize winners!

Christmas 2017 Charity Donations

This Christmas Cowley Holmes have donated to St John’s Hospice & Soupervan.UK   Merry Christmas & a Prosperous 2018 to all!  

Buying a used commercial vehicle

If you buy a second-hand commercial vehicle from a dealer, they will normally try to sell it to you under the second-hand margin scheme. This means that they only account for VAT on the profit margin. You will not be provided with a VAT invoice and you will be unable to recover this VAT as it[...] Read more »

HMRC now takes a more targeted approach when selecting businesses for a VAT inspection

HMRC now uses a sophisticated system to gather information and target enquiries.  This uses a range of third party data sources, including banks, insurers, Land Registry etc. as well as the Internet and social media, to select businesses for an inspection. Inspections could also be prompted by an anomaly in accounting or VAT return figures[...] Read more »

HMRC – no more credit card payments

If you blow your cash over Christmas and are planning to pay your self-assessment tax bill (due no later than 31 January 2018) with your credit card you’ll be out of luck. HMRC won’t accept credit card payments after 12 January 2018. This goes for all tax payments, not just those for self-assessment. So if[...] Read more »

Celebrating 25 Years in Business

We are delighted to be celebrating 25 years of Accounting and Tax Advice in Bedford, first opening the doors to Cowley Holmes Accountants in 1992. We would like to thank our clients, a number of whom have been with the Practice since it started, and looks forward to the Practice serving them the over the next[...] Read more »

Winner of Beds SME Best Customer Service 2017

We are delighted to announce we are a winner at the SME Bedfordshire Business Awards 2017 for the Best Customer Service Award! Thank you to everyone that voted for us.

keep your Class 2 NIC record up to date if you have low or no profits

Until 5 April 2015, every ‘self-employed earner’ was, if he was over the age of 16 and under pensionable age, liable to pay Class 2 contributions at a prescribed weekly rate. From 6 April 2015, this liability has applied only to earners with relevant profits from a trade. Before 6 April 2015, this was enough[...] Read more »

Stamp Duty on Second Homes

Since 1 April 2016 there has been a 3% supplementary Stamp Duty Land Tax (SDLT) charge payable on the purchase of second and subsequent residential properties costing more than £40,000. This was clearly aimed at buy-to-let investors as well as those buying second homes. Note that this additional 3% charge does not apply where the[...] Read more »



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