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10 Chartered Accountants

News

Reminder on changes to Corporation Tax notices
10 August 2018

On 19 September 2016 HM Revenue & Customs (HMRC) decided to stop sending out paper copies of several important documents relating to Corporation Tax.
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Building contractors will have to comply with complex new VAT rules
05 July 2018

Those working in the construction and building industry are being encouraged to get to grips with a new way of accounting for VAT. From 1 October 2019, builders, contractors and other trades associated with the construction industry...
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More than two-fifths of small business owners are still unaware of MTD
05 July 2018

According to a new study, Making Tax Digital (MTD) is currently one of the biggest concerns for VAT-registered small business owners. The research, prepared by Intuit QuickBooks, found that more than three-quarters of SME owners found the legislation challenging and difficult to understand.
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A quarter of dads may be missing out on paternity pay, according to a new report
05 July 2018

The TUC has launched a new campaign calling on the Government to extend paternity pay to more workers, after discovering that a quarter of fathers may be missing out.
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Professionals call on Treasury not to lower VAT threshold before MTD and Brexit
05 July 2018

The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation (CIOT) has called on the Treasury to resist pressure to reduce the VAT threshold from its current £85,000 until after the implementation of Making Tax Digital (MTD) and Brexit.
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Small businesses say the Government should simplify business rates
05 July 2018

A survey has revealed strong support from the UK’s small business community for measures to simplify business rates. A total of 71 per cent of the small businesses questioned said business rates should be simpler and have a greater degree of flexibility.
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UK’s tax gap continues to fall
05 July 2018

Figures released by HM Revenue & Customs (HMRC) show that the UK’s tax gap – the difference between tax owed and actual receipts – is continuing to fall.
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Gifts out of income and their benefits to beneficiaries
14 June 2018

Giving away surplus income as a gift to family members is often touted as an excellent way of planning for the future and as a way of reducing liabilities on a person’s estate. But how do the rules regarding gifts work in practice?
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Employers attempting to avoid auto-enrolment penalties could have assets seized
14 June 2018

The Pensions Regulator (TPR) has announced that employers could have their businesses’ assets seized to pay their debts if they fail to pay workplace pension fines.
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Twice as many workers receiving back pay through National Minimum Wage enforcement
14 June 2018

According to HM Revenue & Customs (HMRC), the number of underpaid workers getting the money they are owed under the National Minimum Wage (NMW) legislation has more than doubled.
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