HMRC campaign letters to Construction Industry contractors

by Jessica Garbett | Sep 6, 2024 | ACCA, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Warning letters are being issued about CIS deductions HMRC has provided the following update to ACCA about a CIS campaign letter being issued...

Furnished holiday lettings tax regime abolition

by Jessica Garbett | Sep 4, 2024 | ACCA, property taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Draft legislation and new policy paper set out As announced in the Spring Budget, the furnished holiday lettings tax regime is due to be...

HMRC’s communication to individuals outside of self-assessment

by Jessica Garbett | Sep 2, 2024 | ACCA, business taxation, personal taxatation, property taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA What you need to know about a letter from HMRC to individuals with taxable income HMRC has shared the following update with ACCA, which we...

Introducing HMRC’s new VAT Registration Estimator

by Jessica Garbett | Aug 28, 2024 | ACCA, VAT

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA What does the new assessment tool mean? Every business in the UK that is providing taxable supplies must register for VAT if: their total VAT...

A new international accounting standard for not-for-profits

by Jessica Garbett | Aug 26, 2024 | ACCA, accountancy regulation, business issues, financial reporting

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Is a move away from GAAP and SORP on the horizon fro Non Profits? The Charities Statement of Recommended Practice (SORP) is a very familiar...

A new dawn for R&D in software development

by Jessica Garbett | Aug 23, 2024 | ACCA, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Landmark ruling in Get Onbord Limited v HMRC The recent case of Get Onbord Limited (GOL) v HMRC represents a significant milestone in the...

Navigating the basis reform maze

by Jessica Garbett | Aug 21, 2024 | ACCA, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA How to complete the self-assessment tax return for the 2023/24 transitional year under basis period reform For guidance on how the...

Assessing HMRC’s performance against its charter

by Jessica Garbett | Aug 19, 2024 | ACCA, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA HMRC’s Charter Stakeholder Group shares its latest assessment on how well the organisation is performing ACCA sits on HMRC’s Charter...

Are you employing seasonal workers?

by Jessica Garbett | Aug 16, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The Pensions Regulator is reminding employers to ensure they are complying with automatic enrolment pension duties this summer If you are...

Bribery and corruption – the hidden social evil on your doorstep

by Jessica Garbett | Jul 22, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA New ACCA report delves into the impact on SMEs Delve into the true extent of how bribery and corruption impacts SMEs across the world and...

The abolishment of multiple dwellings relief

by Jessica Garbett | Jul 22, 2024 | ACCA, business taxation, capital taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Understand the implications for landlords Multiple Dwellings Relief (MDR) has been a significant tax relief for landlords and property...

LLP salaried members’ tax rules

by Jessica Garbett | Jul 17, 2024 | ACCA, business taxation, financial reporting

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A reminder in light of HMRC’s recent crackdown A recent change in HMRC’s partnership manual at PM259310 may be a cause for concern for...

The new LLP SORP 2024

by Jessica Garbett | Jul 15, 2024 | ACCA, financial reporting

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA LLPs will need to invest in updating their accounting practices and systems The new LLP SORP is effective for periods commencing on or after...

Change to Website Terms of Use

by Jessica Garbett | Jul 12, 2024 | administration

We have recently made some changes to the terms of use for our websites. As part of these changes, the publisher and controller of our websites is now Whitefield Websites LLP. Our new Website Terms of Use are: Our websites, www.whitefieldtax.co.uk and...

Distributions on winding up a company

by Jessica Garbett | Jul 10, 2024 | ACCA, business taxation, capital taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA What to include on the tax return There are many reasons why a company is dissolved, ranging from insolvency to simply having come to the end...