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Help to buy – an overview

by | Jun 28, 2016 | ACCA, personal finance

ow ‘help to buy’ works in England, with links to information on variations in other parts of the UK. The scheme in England operates as follows: Who is eligible? It is open to first time buyers and individuals who have previously owned property. Eligibility is...

General duties of trustees

by | Jun 23, 2016 | ACCA, business issues

A checklist of the typical duties of a trustee. Trustee is a legal term which, in its broadest sense, refers to any person who holds property, authority, or a position of trust or responsibility for the benefit of another. The role of the trustee is an onerous one in...

Directors’ disqualifications

by | Jun 13, 2016 | ACCA, business issues

Two recent cases have highlighted directors who were disqualified and banned from being company directors and from being involved in the management of a limited company in any way. The first was for 12 years for selling rare earth elements as an investment and failing...

Client question – Community Event

by | Jun 10, 2016 | business issues

We were asked: “We are taking over the running of a local community event. We ran it once before as a CIC, but this was complicated in terms of admin and we want to do it as simply as possible. It’s pretty simple. People pay a fee. We have to pay the space...

VAT flat rate scheme: revised HMRC guidance

by | Jun 9, 2016 | ACCA, VAT

An update to VAT Notice 733 ‘Flat rate scheme for small businesses’ was issued on 4 May 2016. According to HMRC the purpose of this was to ‘make the notice more suitable for publication on GOV.UK’. The update includes some minor amendments to various paragraphs....

Your view: tax coding notice

by | Jun 2, 2016 | ACCA, HMRC, personal taxatation

HMRC is seeking your comments on an early draft of Tax Coding Notice (P2). After digesting the information below and also elsewhere online, do you feel it provides sufficient detail for you or your clients to be useful? HMRC says ‘The HMRC Personal Tax Account...

RTI penalty concession extended

by | Jun 1, 2016 | employer returns, RTI

Reported on Accounting Web today, the “soft landing” for RTI penalty regime has been extended from April 2016 to April 2017. Employers shouldn’t be complacent of course, but its a welcome sign of common sense from HMRC as the comparatively new system...
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