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Student loan repayments – a refresher

by | Oct 25, 2019 | Tax News

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

by | Oct 11, 2019 | Tax News

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

by | Oct 4, 2019 | Tax News

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

by | Sep 27, 2019 | Tax News

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

by | Aug 12, 2019 | YogaTax News

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

by | Aug 8, 2019 | YogaTax News

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...

GDPR – one year on

by | Jul 31, 2019 | Tax News

Measuring the impact and what to focus on now. Reflecting on the first year of GDPR, the ICO highlights that ‘the focus for the second year of the GDPR must be beyond baseline compliance – organisations need to shift their focus to accountability with a real evidenced...

A Review of Competition Law

by | Jul 24, 2019 | Tax News

The Competition and Markets Authority (CMA) is an independent, non-ministerial government department. It seeks to enforce competition and consumer law to make markets work well for consumers, businesses and the economy. Competition law promotes fair trading between...

How to reduce or avoid HMRC VAT penalties

by | Jul 17, 2019 | Tax News

VAT penalties can be confusing, but depending on the type of compliance breach they either follow the same penalty regime which applies to direct taxes or a VAT specific penalty regime. Penalties can be issued for: failure to notify of VAT liability late filing HMRC...

VAT – Reimbursement or disbursement

by | Jul 10, 2019 | Tax News

Knowing the difference is important in getting the right VAT treatment. The difference between reimbursement and disbursement is significant from the VAT point of view as reimbursements are subject to VAT, while disbursements are outside the scope of VAT. If a...
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