Hello and welcome to our June news round-up.
As always, there’s plenty to update you with this month from the new ban on tenant fees to the delay of digital accounts for individuals. If you have any questions about the topics discussed this month, give us a call and we’ll be happy to help.
Monthly Blog
How to deal with late payments
When you supply goods and services, you expect to be paid for it. Outstanding invoices compromise your cashflow so it’s understandable that you also want to receive payment promptly. Britain does however have a deeply embedded culture of late payments. For some...
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First businesses enter into Making Tax Digital
More than one million VAT-registered businesses have now been mandated into the Government’s Making Tax Digital (MTD) programme. The scheme came into effect on 1 April 2019 and requires any business that’s registered for VAT with a turnover of more than £85,000 to...
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HMRC delays probate fee increase
HMRC has announced that the changes to probate fees which were due to come into effect last month, have been delayed.The decision for the delay has been made as Parliament continues to struggle to resolve the issues surrounding Brexit. What are probate fees? Personal...
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HMRC changes VAT rules for construction businesses
Last summer we published a blog revealing that HMRC will be changing the rules around VAT for construction companies. With reverse VAT charges coming into effect from October 2019, now is the time to familiarise yourself with the changes. Why are the rules...
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HMRC error to affect payments on account for some taxpayers
The Association of Taxation Technicians (ATT) has warned that an HMRC error could affect tax demands for payments on account for some taxpayers. The issue has occurred as a result of an IT glitch with HMRC’s systems earlier this year and as a result, some tax...
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