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Filtered By Category: Taxation

Sep 17 2019

Advisory fuel rates for company cars

Categories: Taxation

HMRC have published new company car advisory fuel rates, which take effect from 1 September 2019. The previous rates can also continue to be used for up to one month from the date the new rates apply. The rates only apply when you either: reimburse employees for business travel in their company cars or require more

Sep 13 2019

Helping our food & drink clients explore ‘untapped’ tax savings

Categories: Food & DrinkTaxation

Research and Development (R&D) tax credits are a government incentive designed to reward UK companies for investing in innovation and we urge food and drink businesses to explore the potentially significant tax savings often associated with manufacturing or scientific companies. Our Taxperts have claimed over £0.5M R&D tax savings for 13 food and drink clients within the last more

Aug 29 2019

Electric vehicles – what are the benefits?

Categories: TaxationTechnology

Climate change is high on everyone’s agenda and with transport accounting for a quarter of the UK’s carbon emissions, interest in Electric Vehicles (EV) is increasing. We are frequently asked to outline the financial and tax benefits of choosing an EV over a conventional vehicle. In Scotland, there are benefits for individuals, and for businesses, more

Jul 26 2019

Xero package price freeze for our clients

Categories: Amber AccountingMaking Tax Digital

Xero have recently announced a planned increase to two of their monthly subscription plans. From 1 August 2019, the standard plan is increasing by £2.00 to £24 + VAT, and the premium plan by £2.50 to £30 + VAT – for new and existing UK customers. As Xero Platinum Partners, we have historically chosen to more

Jul 5 2019

Are you signed up for Making Tax Digital?

Categories: Amber AccountingMaking Tax Digital

Making Tax Digital (MTD) is now live and if you meet the criteria for mandatory submission of VAT returns, then you should have received a letter from HM Revenue & Customs confirming this. By now you should have checked that you have suitable accounting software or ‘bridging’ software, to enable you to submit your VAT more

Jun 11 2019

The easy transition to Making Tax Digital

Categories: Amber AccountingMaking Tax Digital

Following on from our previous article discussing bridging software, we have provided a detailed example of how bridging software can help with your Making Tax Digital (MTD) submissions below. We have a client who was using a manual cashbook to process their monthly VAT Return for their farm, and discussed the implications of MTD for their business. more

May 28 2019

Bridging Software for Making Tax Digital

Categories: Amber AccountingMaking Tax DigitalTaxation

With the advent of Making Tax Digital (MTD), HMRC will be expecting all businesses caught within the scheme to submit VAT returns through software, rather than through the traditional Government Gateway. Most software providers have now released MTD compliant software and this may involve paying to upgrade existing systems or changing them completely. Whilst some more