Free fuel- is it worthwhile?

June 13, 2018 | by Sian Kelly | No comments

Where an employer meets the cost of fuel for private journeys in a company car, an additional benefit in kind charge arises in respect of the provision of the `free’ fuel (unless the employee makes good all the cost).

 

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Making Tax Digital for VAT- what records must be kept digitally

June 13, 2018 | by Sian Kelly | No comments

Making Tax Digital (MTD) for VAT starts from 1 April 2019. VAT-registered businesses whose turnover is above the VAT registration threshold of £85,000 will be required to comply with MTD for VAT from the start of their first VAT accounting period to begin on or after 1 April 2019.

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Paying voluntary Class 3 National Insurance Contributions

June 13, 2018 | by Sian Kelly | No comments

 

Voluntary National Insurance contributions can be paid to plug gaps in your contributions record.

To receive the full single-tier pension (which is payable to individuals who reach state pension age on or after 6 April 2016), an individual needs 35 qualifying years.

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Do we need to register for VAT?

June 05, 2018 | by Sian Kelly | No comments

A business must register with HMRC for VAT if its VAT taxable turnover is more than the VAT registration threshold. This is currently £85,000 and will remain at this level until 31 March 2020.

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Number of tax refund scams escalating

May 29, 2018 | by Sian Kelly | No comments

A sharp rise in the number of scam emails and text messages targeting taxpayers has been flagged by HMRC, with renewed warnings that criminals are attempting to trick the public into thinking they have received a tax rebate so they hand over their account and personal details.

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European Commission- Extension to EMI Scheme

May 22, 2018 | by Sian Kelly | No comments

After more than six weeks of uncertainty, the European Commission has approved the extension of the Enterprise Management Incentive ("EMI") scheme under EU state aid rules.

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