The media has been reporting recently on HMRC inquiries into the employment status of BBC personnel. The inquiries will establish whether workers should be taxed as employees or whether they are self employed. HMRC have always bee…
Last week I was invited to attend, with some other local bookkeepers and accountants, a consultation meeting with HMRC and the Office of Tax Simplification to provide feedback on several suggestions being proposed by both organisations around tax.
If you are a VAT registered business you should always be prepared for a VAT inspection. Do you keep your accounts records up to date so you can instantly lay your hands on the paperwork the VAT Inspector is asking for?
If you are self-employed or have income which is not taxed at source you will need to complete a self-assessment tax return. A tax return will need to be submitted to HMRC for the period 6th April 2015 to 5th April 2016 and can be prepared a…
HMRC have increased the threshold for VAT registration to £83,000 for the year 2016-17. The threshold was £82,000 for 2015-16. If your turnover will reach this threshold over a 12 month period then you must regis…
