Brexit, the outlook for business

November 23rd, 2018

The political upheavals of the last week have done little to resolve the Brexit issue, the underlying political manoeuvrings or settle a growing list of issues for small businesses across the UK. Leaving aside the political considerations we now seem to be at a point where there will be a no-deal, a compromise deal (the […]


Are you looking for export opportunities?

November 22nd, 2018

In a recent press release, the Department for International Trade promoted its enhanced Export Opportunities service for UK companies. In a nut-shell, this lists overseas governments and companies that are looking to buy UK goods and services. On the face of it, if you are looking for a source of leads for your export marketing […]


Tax Diary November/December 2018

November 14th, 2018

1 November 2018 – Due date for Corporation Tax due for the year ended 31 January 2018. 19 November 2018 – PAYE and NIC deductions due for month ended 5 November 2018. (If you pay your tax electronically the due date is 22 November 2018.) 19 November 2018 – Filing deadline for the CIS300 monthly […]


Fifty pound note gets new lease of life

November 14th, 2018

The Treasury has confirmed that the £50 note will continue to be part of the UK’s currency, and further, that the Bank of England will reissue it as a new modern polymer note. According to Treasury sources this will help clamp down on crime. The announcement follows a public consultation and the government has confirmed […]


Childcare scheme update

November 14th, 2018

The childcare voucher and directly contracted childcare schemes closed 4 October 2018. In time, these schemes will be replaced by the roll-out of the new Tax-Free Childcare: this offers parents £2,000 per year per child towards approved childcare costs. (This is extended to £4,000 for disabled children.) In a recent article HMRC confirmed the following […]


Reporting tips for building contractors

November 14th, 2018

HMRC recently published a list of helpful reminders regarding the submission of monthly returns to HMRC. This article lists some of the points highlighted. Each month contractors must send HMRC a complete return of all payments made to subcontractors within the scheme in the preceding tax month. This is regardless of whether the subcontractors were […]


Making Tax Digital timeline

November 14th, 2018

As many readers of our newsletter will be aware, HMRC is moving forwards with their digitisation of taxpayer VAT and Income Tax reporting requirements under their much publicised Making Tax Digital (MTD) initiative. We have reproduced below recent announcements made by HMRC on this issue. Mandatory filing of VAT returns using MTD compliant software will […]


Increase in the Annual Investment Allowance

November 14th, 2018

The Annual Investment Allowance (AIA) is being increased from 1 January 2019 to £1m from the present base level set some years ago of £200,000. The increase is due to be available for two years, until 31 December 2020. At this later date, the AIA will presumably return to the £200,000 limit. The AIA is […]


Saving the High Street

November 14th, 2018

In his Autumn Budget delivered 29 October 2018, Philip Hammond made a number of promises including measures to improve the lack-lustre retail sector in our High Streets. There is no doubt that the major online retailers have caused a major shift in the way we shop. As faster broadband has become more commonplace, and the […]


Are you about to buy a second-hand commercial vehicle?

November 13th, 2018

When you buy a new commercial vehicle, you will pay 20% VAT on the purchase price and in most cases this VAT can be reclaimed. This assumes of course, that the motor trader selling you the vehicle is VAT registered. If you purchase a second-hand commercial vehicle there are three VAT options: The second-hand dealer […]