Aug 17, 2018 | Accounts and Tax
HMRC has published further information on Making Tax Digital for VAT (MTDfV). The VAT notice sets out some further details of the MTDfV regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the rules, businesses with a taxable...
Aug 3, 2018 | Accounts and Tax
HMRC proposes to introduce VAT reverse charge for construction services consultation. These new VAT rules are subject to consultation. HMRC has published a draft statutory instrument for technical consultation together with a draft explanatory memorandum and a draft...
Jun 27, 2018 | Accounts and Tax
The Enterprise Management Incentive (EMI) allows selected employees (often key to the employer) to be given the opportunity to acquire a significant number of shares in their employer through the issue of options. An EMI can offer significant tax advantages as the...
May 9, 2018 | Accounts and Tax, HMRC
Over the coming years, the government plans to phase in its landmark Making Tax Digital (MTD). This initiative, will see taxpayers move to a fully digital tax system. There are however changing priorities at HMRC and they have shared a statement about how they are...
Apr 20, 2018 | Accounts and Tax
Income tax changes from 6 April 2018 The personal allowance for 2018/19 is £11,850. However, some individuals do not benefit from the full personal allowance. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000, which is...
Apr 18, 2018 | Accounts and Tax
The Welsh Land Transaction Tax introduced (LTT) was introduced from 1 April 2018 and will replace Stamp Duty Land Tax (SDLT). LTT will be collected by the Welsh Revenue Authority (WRA). HMRC has published guidance on the introduction of the new tax and the way in...
