Don’t forget the state pension!

A handy guide to help you review your state pension provision. An overhaul in April 2016 replaced the old two-tier system with a flat-rate state pension, which is now (in 2019/20) £168.60 per week. However, the amount a person is entitled to depends on their National...

MTD – VAT return letters wrong

HMRC is aware that some ‘VAT notice of assessment of tax’ letters recently sent to Making Tax Digital customers were issued in error. If the business has already submitted the VAT return in question and paid the tax due/received its repayment, it can...

ACCA Latest Brexit Guidance

With the date for Brexit now extended beyond 31 October, ACCA summarises some of the latest Brexit Guidance for businesses  Landlords: right to rent There will be no changes to the right to rent for EU, EEA and Swiss citizens and their family members living in the UK...

Student loan repayments – a refresher

Guidance for England and Wales domiciled students who studied in the UK and EU students who studied in England or Wales. For taxpayers who took out student loans to fund courses in England and Wales starting on or after August 1998, the repayments of the loan depend...

VAT: Tour operators margin scheme

If you run retreats with packed accommodation and are VAT registered the Tour Operators Margin Scheme could save you VAT New guidance as to what the selling price should and should not include The guidance around the Tour Operators Margin Scheme (VAT Notice 709/5) has...

Comparing Business Structures for Yoga Teachers

Yoga Teachers are running businesses, and so need to think about structure. For many Sole Trader is the default choice and works well. Its important to know the structure of your business as this effects your registration obligations, how you are taxed and other...

Probate and its hidden dangers

A timely warning – When administering an estate can result in a financial loss.  A personal representative of an estate has various responsibilities. If the will names the person or entity who is to deal with the estate that person or entity is referred to as...

August 2019 Updates to Our Terms of Business

We’ve made a couple of updates to our Terms of Business with immediate effect. First, a new section 33 on Anti Money Laundering.   This covers our obligation to comply with UK AML rules, and clients obligations to provide us with identification, notify changes...

Changes to Whitefield Banking

Following completion of our migration from Standing Orders to Direct Debits, we are making some changes to our banking. Our main bank account continues unchanged.  It ends in 32.  It is in the name of Whitefield Tax Limited, our parent. If you have these account...
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