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Proposed Class II NI abolition deferred

by | Sep 6, 2018 | Tax News

BBC News are reporting that the abolition of Class II Self Employed NI, set for April 2019, has been scrapped. How much fiscal change this makes isn’t clear – at £2.95 a week it’s not a huge cost, and the proposal was to adjust – read increase –...

Knowing the Rules on Business Expenses

by | Jul 31, 2018 | Tax News

A perennial question is “Can I claim for…”. The law around claiming expenses for the self employed and in company accounts is that the expense must be “wholly and exclusively” for business.  Confusingly for sole traders something that is both private...

Don’t miss out on trading allowances

by | Jun 27, 2018 | Tax News

Two new £1,000 tax-free allowances came into play from April 2017. For the tax year 2017/18 we saw the introduction of two new £1,000 tax-free allowances. Both are available from 6 April 2017 and are the property allowance and the trading allowance.  Allowances The...

HMRC changes its digital tax priorities

by | May 22, 2018 | Tax News

Brexit implications will delay HMRC projects. HMRC has confirmed to ACCA and other professional bodies that various projects currently in operation will either stop or be paused due to BREXIT ‘challenges’. The confirmations came after the issues were discussed at a...
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