The Annual Tax on Enveloped Dwellings is a hot topic at the moment and we continue to receive a growing interest in this area of taxation at TWP, but what exactly does it entail and who is most likely to be affected. ATED was introduced in April 2013 against high-value residential properties (dwellings) situated in […]
One of Weybridge’s leading firms of accountants TWP is warning small businesses to be aware of a new scam, which offers exemption from workplace pensions, but could lead to large fines. Their message comes after The Pensions Regulator put out a bulletin, which highlighted that a number of fraudsters had tricked businesses into purchasing a […]
The Information Commissioner’s Office (ICO) is warning SMEs to take care or face a fine. The warning comes after a company which suffered a cyber attack was fined £60,000. The investigation by the ICO found Boomerang Video Ltd based in Berkshire failed to take basic steps to stop its website being attacked. Sally Anne Poole, […]
HMRC have issued the latest version of the Employer Bulletin. This edition has articles on a number of issues including: P11D and P11D(b) filing and payment deadlines Paying the right amount of tax through PAYE Construction industry scheme repayment claims for limited companies The Apprenticeship Levy and funding of apprenticeship training Tax-free childcare rollout including […]
Now is the time of year when many of us turn our thoughts to holidays and it is important to get holiday entitlement and holiday pay right. The June 2017 acas newsletter includes links to useful guidance on calculating holiday and holiday pay entitlements as well as guidance on hot weather working. The GOV.UK website […]
From April 2018, Land Transaction Tax (LTT) will replace Stamp Duty Land Tax (SDLT) in Wales. Land and Buildings Transaction Tax (LBTT) already applies in Scotland. Like SDLT (and LBTT), LTT will generally be payable on the purchase or lease of a building or land. The new tax may therefore be relevant to house buyers and […]
HMRC are advising that there have been technical issues with their Employment Related Securities (ERS) annual returns online service. Employers have to complete returns for any schemes that have been registered on the ERS online service, such as Enterprise Management Incentives (EMI), a non-tax advantaged scheme or award, Company Share Option Plan, Save As You […]
The Office for Tax Simplification has published their recommendations on simplifying the corporation tax computation. This report sets out some significant steps towards creating a 21st-century corporation tax system in the UK, responding to calls from businesses of all sizes to make the calculation of corporation tax simpler, with fewer changes and more time to […]
The Queen delivered the 2017 Queen’s Speech on 21 June which set out the government’s agenda for the coming parliamentary session. The speech outlined the government’s proposed policies and legislation. This Queen’s speech announced that the government will focus on: delivering a Brexit deal that works for all parts of the United Kingdom and building […]
Date What’s Due 1/07 Corporation tax for year to 30/9/16 (unless pay quarterly) 5/07 Last date for agreeing PAYE settlement agreements for 2016/17 employee benefits 5/07 Deadline for agents and tenants to submit returns of rent paid to non-resident landlords and tax deducted for 2016/17 06/07 Deadline for forms P11D and P11D(b) for 2016/17 tax […]
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