Dec 11 2017 Important information about changes to paying HMRC Categories: EQ AccountingTaxation HMRC are making some important changes to the way they accept payments. Please make sure you are aware of these changes and the dates they come into action which can be found below. At the Post Office You won’t be able to pay at the Post Office from 15 December 2017. Where electronic payment is more
Nov 24 2017 Our Autumn Budget Summary 2017 is now available to download Categories: Taxation Chancellor, Philip Hammond presented his Autumn Budget to Parliament on 22 November 2017. We have put together a Budget Summary that covers the key tax changes announced in the Chancellor’s speech and includes tables of the main rates and allowances. You can download a copy of our Autumn Budget Summary 2017 here. Now we can more
Nov 22 2017 Our Autumn Budget 2017 Commentary Categories: Taxation Chancellor, Philip Hammond, delivered his latest Budget earlier today with his usual dry wit and good natured barbs directed at the other side of the Commons. In tax terms, little of real note, and as usual, a careful review of press releases and announcements will be required. At an initial glance, we would note: – more
Oct 6 2017 Auto-enrolment – Are you ready? Categories: EQ Accounting Auto-enrolment (AE) was introduced for large employers in 2012. The provisions compel employers to register with The Pension Regulator (TPR) (www.tpr.gov.uk/registration), and ultimately provide adequate provision for employee pensions through an AE process. Employees can opt out, and certain jobholders can have their inclusion in the process postponed, but the responsibility lies firmly with employers more
Sep 26 2017 Simple Assessment – Is it the end of the Tax Return? Categories: Taxation HMRC has now started the process of withdrawing the need to complete tax returns in certain circumstances. For example, if you became entitled to the state pension at some point after 6 April 2016 but continued to have another source of income such as employment income, then you may be due to pay tax on more
Aug 29 2017 Inheritance tax relief of Furnished Holiday Lets receives another blow Categories: LeisureTaxation A recent tax case before the First Tier Tribunal has poured further doubt on the availability of inheritance tax relief on properties let as furnished holiday accommodation (FHLs). Business Property Relief (BPR) can provide 100% relief against inheritance tax where a business activity is deemed to be “wholly or mainly trading”. If a business activity more
Aug 17 2017 Criminal Finances Act 2017 Categories: Taxation The Criminal Finances Act 2017 will give law enforcement agencies and partners, further capabilities and powers to recover the proceeds of crime, tackle money laundering, tax evasion and corruption, and combat the financing of terrorism. From 30 September 2017, the Criminal Finances Act 2017 will – as well as a number of other new powers more
Aug 4 2017 Benefits of electric company cars Categories: TaxationTechnology Last week the UK government announced plans to ban the sale of new diesel and petrol cars and vans by 2040. This move will make electric vehicles more and more important in the coming years however is already of great benefit to many companies. Buying or leasing an electric vehicle as opposite to traditional petrol more