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26-05-2022
HMRC advice to counter spoof emails or texts

HMRC advice to counter spoof emails or texts

HMRC continues to warn of the ever-present problem of fraudulent phishing emails, suspicious phone calls and texts. These unwanted emails, phone calls and texts are being sent from … read more

26-05-2022
Completing P11D forms to report benefits in kind

Completing P11D forms to report benefits in kind

The deadline for submitting the 2021-22 forms P11D, P11D(b) and P9D is 6 July 2022. The forms can be submitted using commercial software or via HMRC’s PAYE online service. … read more

26-05-2022
VAT Flat Rate Scheme – are you a limited cost trader?

VAT Flat Rate Scheme – are you a limited cost trader?

The VAT Flat Rate Scheme has been designed to simplify the way a business accounts for VAT and in so doing reduce the administration costs of complying with the VAT legislation. … read more

26-05-2022
HMRC wins disguised remuneration case

HMRC wins disguised remuneration case

HMRC has welcomed a recent Court of Appeal decision concerning a disguised remuneration case. These types of schemes provide employees with the bulk of their earnings in the form … read more

26-05-2022
Agent authorisation re SEISS grants

Agent authorisation re SEISS grants

Self-employed individuals (including partnerships) who have overclaimed the Self-Employed Income Support Scheme (SEISS) must pay back the overpayment to HMRC. The rules for … read more

26-05-2022
Domicile and IHT

Domicile and IHT

Domicile is a general legal concept which in basic terms is taken to mean the country where you permanently belong. But actually, determining domicile status can be complex. HMRC … read more

26-05-2022
New measures to help with the cost-of-living crisis

New measures to help with the cost-of-living crisis

As expected, the Chancellor, Rishi Sunak has announced a new package of support measures in a statement to the House of Commons on 26 May 2022. The measures will be targeted to the … read more

19-05-2022
UK Infrastructure Bank set-up

UK Infrastructure Bank set-up

The UK Infrastructure Bank Bill, announced as part of the measures in the Queen’s speech, represents the final step in setting up the UK Infrastructure Bank as an operationally … read more

19-05-2022
Free company information

Free company information

There is a significant amount of information about companies that can be obtained from Companies House. Companies House is responsible for incorporating and dissolving limited … read more

19-05-2022
VAT – discounts and free gifts

VAT – discounts and free gifts

When you issue an invoice to your customer, you must ensure that you charge the correct rate of VAT. Whilst most businesses in the UK charge VAT at the standard rate of 20% there … read more

19-05-2022
Intrastat – trading goods with EU

Intrastat – trading goods with EU

Intrastat declarations were historically used to collect information on the movement of goods from the UK to other EU countries and vice versa. Any business that exceeded the … read more

19-05-2022
Corporation Tax – reminder HMRC contact details

Corporation Tax – reminder HMRC contact details

HMRC can be called by phone on 0300 200 3410 for help with general Corporation Tax enquiries. You will need your 10-digit Unique Tax Reference (UTR) when calling HMRC and this … read more

19-05-2022
Tax Diary June/July 2022

Tax Diary June/July 2022

1 June 2022 – Due date for corporation tax due for the year ended 31 August 2021.

19 June 2022 – PAYE and NIC deductions due for month ended 5 June 2022. (If you pay your tax … read more

18-05-2022
Access to cash protection increased

Access to cash protection increased

The new Financial Services and Markets Bill, announced as part of the Queen’s speech, will provide increased protections for those still dealing with cash. Access to cash remains … read more

12-05-2022
Reminder to look out for tax credit renewal packs

Reminder to look out for tax credit renewal packs

HMRC is currently sending the annual tax credit renewal packs to some 2.1 million tax credit claimants and is encouraging recipients to renew their tax credits claim online. HMRC … read more

12-05-2022
Holiday lets occupancy check

Holiday lets occupancy check

The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a trade for tax purposes.

In order to qualify as a … read more

12-05-2022
When you are required to register for PAYE

When you are required to register for PAYE

There are a multitude of rules that new businesses must follow when they start employing staff for the first time. These include ensuring registering for PAYE as an employer with … read more

12-05-2022
ISAs 2022-23

ISAs 2022-23

The maximum amount that can be invested in an ISA in the current (2022-23) tax year is £20,000.

ISA’s are a valuable and flexible relief and should be considered as an option for … read more

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    The Accountancy Practice is a Kent based firm specialising in small and medium sized businesses. We provide a friendly, professional service and regard our smallest client as important as our largest.
  • Latest News

    26-05-2022
    HMRC advice to counter spoof emails or texts

    HMRC continues to ... read more

    26-05-2022
    Completing P11D forms to report benefits in kind

    The deadline for ... read more

    26-05-2022
    VAT Flat Rate Scheme – are you a limited cost trader?

    The VAT Flat Rate ... read more

    More news

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