If your quarterly VAT period began on 1 April 2019, your first Making Tax Digital (MTD) filing deadline is Wednesday 7 August 2019. Meanwhile, if you pay your VAT by direct debit, you should have registered with HM Revenue & Customs (HMRC) by Monday 29 July 2019. If you haven’t done so please contact us […]
The Institute of Chartered Accountants in England and Wales (ICAEW) has declared Weybridge-based accountants TWP as an authorised training provider. The ICAEW is responsible for setting best practice in the profession and offers the ACA qualification, which is required to become a chartered accountant. Authorised training firms are bound by a strict set of regulations […]
Young adults who qualified for Child Trust Funds (CTFs) when they were born could be sitting on savings accounts that have been accumulating interest for 17 years. Official figures have revealed that almost two million children are unaware of this fact. Every child born in the UK between 1 September 2002 and 1 January 2011 […]
The Moneyfacts UK Savings Trend Report has found that savers putting money into a fixed-rate bond will see better returns on their investment from a challenger bank than from a traditional high street bank. The study found that on average challenger banks offered rates that were 0.95 per cent higher than high street banks on […]
Economists at the World Economic Forum (WEF) have issued a warning to British pension holders that they could run out of money a decade before they die. The latest report from the WEF suggests that many people will have to work for at least 10 more years to increase the amount they save and live […]
HMRC has launched a consultation to review the extent to which the emerging practices are leading to ‘unfair tax outcomes’ in the administration and collection of Insurance Premium Tax (IPT). HMRC’s consultation document states: ‘We have been made aware of business practices involving administration and arrangement fees which may be leading to unfair tax outcomes […]
International investors who wish to set up and expand their operations in the UK can now benefit from an online tool launched by the Department for International Trade (DIT). The new tool, termed the UK Investment Support Directory, enables international investors to connect with a range of businesses across the UK. Potential investors can find […]
Under self assessment taxpayers are required to make payments on account of their tax liabilities. The payment on account instalments consist of two payments on account of equal amounts: the first on 31 January during the tax year and the second on 31 July following the end of the tax year. These are set by […]
The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures. The measures include: proposed new powers for the Small Business Commissioner to tackle late payments […]
HMRC has issued the June 2019 edition of the Employer Bulletin. This includes articles on a number of issues including: labour supply chain fraud using loans to avoid Optional Remuneration Rules re-enrolment of staff back into a workplace pension scheme GDPR fees contractors operating CIS – new VAT reverse charge on building and construction services […]
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