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Payment services authentication

by | Jun 11, 2019 | Tax News

Are you preparing for an extra layer of authentication for online payments? In September, Strong Customer Authentication (or SCA) will have significant implications on how all businesses handle online transactions in the European Economic Area (EEA), where both payer...

MTD well underway

by | Jun 7, 2019 | Tax News

The latest guidance now the first quarter is well underway. The first quarter is now well underway, covering 1 April to 30 June. VAT 700/22: Making Tax Digital for Vat has been updated with guidance on a number of areas added, covering supplier statements, petty cash...

Law breaking employers targeted

by | Jun 4, 2019 | Tax News

The Pensions Regulator launches new campaign. In the coming weeks, The Pensions Regulator (TPR) will be targeting its new wave of compliance checks at employers across the UK who are suspected to be non-compliant with their automatic enrolment duties. Employers are...

Spring Statement 2019

by | Mar 23, 2019 | Tax News

The traditional Spring Budget has been replaced by a smaller Spring Statement this year. Autumn’s main Budget will be when the Chancellor announces major tax and spending changes, and any other new measures. There was all the familiar ifs, buts and maybes around...

Welsh rates of income tax (WRIT)

by | Mar 21, 2019 | Tax News

The Welsh rates of income tax (WRIT) will come into effect from 6 April 2019. The following has been extracted from HMRC guidance for employers and employees. HMRC will tell employers which tax code is appropriate to apply to an employee in advance of the introduction...

MTD for VAT – exemptions and deferrals

by | Mar 7, 2019 | Tax News

The starting line is only a few weeks away but do all of you need to be involved on 1 April? MTD for VAT seems to have been in the pipeline for a long time now and most businesses will be only too aware of the basic rules. From April 2019, most VAT-registered...

VAT on digital services

by | Feb 6, 2019 | Tax News

HMRC issues updated guidance on VAT on digital services. HMRC has updated its guidance on VAT place of supply rules for business that sell digital services to private consumers in the EU. The changes apply from 1 January. For businesses established in the UK the rules...

Nothing exotic about this dancer’s tax return

by | Jan 28, 2019 | Tax News

The deductibility of travel and clothing is always a contentious issue.  In this post from the ACCA, we revisit the court case that revealed what can – and cannot – be deducted as expenses.   Although an exotic dancer and a yoga teacher may not seem to have much...

Professional fees and subscriptions

by | Jan 17, 2019 | Tax News

Claims by individuals for income tax relief.  Tax relief can be claimed on fees or subscriptions paid to approved professional organisations where an individual must have membership to do their job or it’s helpful for their work. The claims are under sections 343 and...

Useful tax elections and claims for 2017-18

by | Jan 14, 2019 | Tax News

A timely reminder heading into self assessment season. Main residence nomination s222 (5a) Taxation of Chargeable Gains Act 1992 (TCGA 1992) Taxpayers with two or more residences may choose which property is to be treated as their main residence for capital gains tax...

The Scottish rate of tax

by | Jan 10, 2019 | Tax News

A recap on who, what and when to help with 2017-18 SA tax returns. Scottish income tax is paid if the taxpayer lives in Scotland. It’s paid to the Scottish government. This sounds straightforward but the devil is in the detail. Who pays Scottish income tax? For most,...
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