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Tax free childcare

Scheme could reduce childcare costs by up to £2,000 per child per year. Childcare vouchers (and directly-contracted childcare) were withdrawn for brand new applicants from 4 October 2018. Those who had not already signed up for childcare vouchers previously must have...

Payment services authentication

Are you preparing for an extra layer of authentication for online payments? In September, Strong Customer Authentication (or SCA) will have significant implications on how all businesses handle online transactions in the European Economic Area (EEA), where both payer...

VAT: Building and Construction Services Reverse Charge

Sharing this note published by HMRC today.  These changes for construction businesses, starting in October 2010, have not received much publicity as yet. This reverse charge measure comes into effect on 1 October this year. Further information on the scope of the...

AIA – a reminder

Annual Investment Allowance is a scheme for business tax payers – companies, partnerships and sole traders – to offset capital expenditure on plant and equipment – but not cars – against tax.  The thresholds have a history of changing in recent...

MTD well underway

The latest guidance now the first quarter is well underway. The first quarter is now well underway, covering 1 April to 30 June. VAT 700/22: Making Tax Digital for Vat has been updated with guidance on a number of areas added, covering supplier statements, petty cash...

Voice scams impersonating HMRC

HMRC issues warning about bogus calls. HMRC has been raising awareness of voice scams impersonating HMRC, stating that it will never use robotic recorded voice calls to contact customers. HMRC highlights that these calls typically take the format of an automated voice...

VAT return adjustments

New rules from HMRC will affect how VAT returns are adjusted. Draft regulations from HMRC will change Regulation 38. The changes are designed to ensure that businesses can only adjust their output tax where there has been a genuine price reduction and they have...

Changes for R&D tax credits

Businesses that are considering making an R&D claim need to understand the ‘capping’ changes made by the Chancellor. When first introduced, the small and medium enterprise (SME) R&D scheme had a cap on the amount of credits that could be claimed. This was...