Chartered Tax Advisers & Accountants

News


Attention all employers!

Published On: 30/09/2016

If you are not already aware, increases in minimum wage rates are coming into effect tomorrow (1 October 2016).  The Government’s newest rate, the National Living Wage (NLW), which was introduced back in April this year, is the only rate not to increase in this October review.

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Making Tax Digital - Are We Any Further Forward?

Published On: 21/09/2016

On August, 15, HMRC announced the results of the consultation process on their proposals to radically alter the tax system.  The result was; another consultation!   More specifically, they published a further 250 pages of thoughts on Making Tax Digital (on top of the videos, etc. already produced) with the new consultation running to 7 November 2016.

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Making Tax Digital - Compulsory Change or Pay The Penalty

Published On: 21/09/2016

‘Making Tax Digital’ is a new approach proposed by HMRC to the reporting of business accounts so that the correct tax can be collected.  In essence, rather than the annual requirement to submit a tax return, HMRC now wants a return to be done once a quarter, although the tax due will only be paid annually as at present.  Businesses, of all types will have to use compatible software to keep their records, and they will, in most cases, need to pay for this software.  As awareness of these changes grows, it is starting to cause many business owners some concern.

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