As reported previously, from 1 April 2019 Making Tax Digital (MTD) will be compulsory for VAT-registered businesses with a turnover above the current VAT registration threshold of £85,000. It will be voluntary for smaller VAT-registered businesses for the time being and there are a few exemptions. If your business is registered for VAT and has […]
The main rate of corporation tax is set to reduce from 19% to 17% from 1 April 2020. At the same time the availability of the 100% annual investment allowance on capital expenditure will also increase from £200,000 to £1 million from 1 January 2019 until 31 December 2020 on all qualifying expenditure. As a […]
A recent report from the Pensions Regulator shows that fines issued to employers that fail to comply with their auto-enrolment responsibilities have more than doubled over the last two years. In 2017/18, there were 36,137 fines issued to employers for not complying with the requirements of auto-enrolment – up from 14,708 such penalties in 2016/17. […]
