It’s important to be up-to-date, HMRC is constantly evolving.
We continuously research and update our knowledge. As part of that, we share our insights and findings. Read our news articles; we hope you will find useful information.
If you have any questions or enquires, please don’t hesitate to get in touch.
Under self assessment taxpayers are required to make payments on account of their tax liabilities. The payment on account instalments consist of two payments on account of equal amounts: the first on 31 January during the tax year and the second on 31 July following...read more
HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the rules, businesses with a taxable turnover above the VAT threshold (currently £85,000) must keep digital records...read more
The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures. The measures include: proposed new...read more
To receive the new state pension you have to have paid a minimum of 10 years National Insurance Contributions (NIC). To receive the full state pension, you need to have paid in for at least 35 qualifying years. Qualifying years don’t have to be paid consecutively, so...read more
Since the Valentines day is only a few days away, I thought it is the perfect time to highlight some of the tax advantages of being married. Inheritance Tax (‘IHT’) IHT is charged at 40pc on estates that are worth more than £325,000. If you are married or in a civil...read more
HMRC is urging VAT-registered UK businesses which trade exclusively with the EU to be prepared for a no deal Brexit. In a letter sent to 145,000 affected businesses, HMRC explains changes to Customs, Excise and VAT procedures in the ‘unlikely event’ that the UK leaves...read more
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