HM Revenue & Customs (HMRC) have recently started to rollout Simple Assessment notices to many taxpayers, this is a pre-calculated notice of tax due which negates the need for taxpayers to fill out a self-assessment form. Taxpayers are urged to check the details and calculations carefully. Whilst the Simple Assessment notice is hopefully accurate for […]
On 13 July 2017 the Government announced that Making Tax Digital for VAT will come into effect from April 2019. From that date, businesses with a turnover above the VAT threshold (currently £85,000) will be required to keep their records digitally (for VAT purposes) and provide their VAT return information to HMRC Revenue and Customs […]
The Government has proposed setting up a national investment fund to help UK start-ups, which it says receive less funding than their US counterparts. British businesses can currently apply for financial funding from the European Investment Fund. The Treasury believes a new UK based fund would help ensure that firms still have access to the […]
The Worldwide Disclosure Facility (WDF) is currently available to disclose a UK tax liability that relates wholly or in part to an offshore issue. For example, this may include income from an overseas property or overseas interest and dividends. Previous offshore disclosure facilities have now closed and so the WDF is the last chance to […]
