Making tax digital is a scheme by the UK government to make it easier for businesses and individuals to manage their taxes. The first stage comes into play on 1st April 2019 and is called Making Tax Digital for VAT. From this date, VAT registered businesses (those companies with their turnovers over the VAT threshold,…
With Making Tax Digital for VAT around the corner, we have decided to demystify some of the most common misconceptions surrounding MTD in our infographic below.
A number of clients have been contacted by companies offering to complete Research & Development tax credit claims on their behalf. R&D claims offer valuable additional tax relief on expenditure which qualifies as part of an R&D project. The type of expenditure that qualifies is limited and clients should review HMRC guidance to form an…
You can get up to £1,000 a year in tax-free allowances for property or trading income from 6 April 2017. If you have both types of income, you’ll get a £1,000 allowance for each. For more detail see the HMRC notes
See CronerTaxwise summary of budget provisions Do let us know if you would like to discuss any particular announcements in more detail.