by admin | Mar 13, 2019 | cloud accounting, economy, HMRC, SME, VAT
What you need to know: Making Tax Digital Philip Hammond reinforced that the mandatory digital record keeping for businesses with annual revenues above the VAT threshold (£85,000) will come into force from 1st April 2019. He called this an “important...
by admin | Dec 21, 2018 | Uncategorized
Just a quick note to let you know our office will be closing at 5pm on Friday 21st December and reopening after New Year on Wednesday 2nd January at 9am. Merry Christmas and we look forward to seeing you next year!
by admin | Aug 7, 2018 | cloud accounting, DIgital, HMRC, Uncategorized, VAT
If your accountant hasn’t mentioned this yet, then you really ought to have a new accountant. Does this affect me? Are you VAT registered? Then if so, yes. This does affect you and you need to be considering whether you will be compliant in time. What is it? Making...
by admin | Dec 14, 2017 | DIgital, HMRC, small business, SME, tax
Making Tax Digital (MTD) New points based penalty model HMRC have been exploring changes to the penalty system for late submission failures under Making Tax Digital (MTD). They have now decided to adopt a points based model with the draft legislation expected in...
by admin | Aug 15, 2017 | HMRC, small business, SME, tax
Great news, our tax guide for 2017/2018 is online and can be downloaded here: Courtley West tax guide 2017 2018 If you have any questions or we can help you in anyway way, please don’t hesitate to get in touch.
by admin | Jul 14, 2017 | DIgital, HMRC, SME, tax
We’re very pleased with HMRC’s announced changes to the roll-out of its Making Tax Digital scheme, which was due to go live from April 2018. The proposed scheme was far reaching and due to be implemented in a short timescale, however due to concerns from business...
by admin | Mar 31, 2017 | HMRC, Uncategorized, VAT
From 1 April 2017 the VAT Flat Rate Scheme will be changing for some small businesses. Currently the flat rates percentages range from 4% to 14.5% depending on the type of business. The new percentage is 16.5% and applies to businesses with low expenditure relative to...
by admin | Dec 23, 2016 | Team News
Merry Christmas! Just a note to remind you all that we’re closed for the Christmas period from the 24th December. We reopen on Tuesday 3rd January at 9am. Have a great Christmas and we’ll see you in 2017! ...
by admin | Nov 6, 2016 | HMRC, tax
In October 2016, the group legally challenging the government’s decision to cut tax relief on buy-to-let loans, suffered a setback when their challenge was rejected by a judge advising that it was “bound to fail” and therefore should not proceed to...
by admin | Oct 3, 2016 | cloud accounting, employees, employers, HMRC, SME, tax
Below is a brief summary about the ‘Making Tax Digital’ consultations and proposals from HMRC. HMRC’s vision is for businesses to be able to easier understand and manage their tax affairs. It wants to make greater use of the information that...
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