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HMRC Direct Recovery Powers – sign the petition

by | Aug 21, 2014 | fairness

You may have heard that there are proposals out from Government / HMRC to grant HMRC a so called “direct recovery” power. In essence this would allow HMRC to debit a tax payers bank account for any unpaid tax arrears, without oversight or prior notice. There would be...

The non-resident landlord scheme – Under which circumstances should tenants pay their landlord’s rent direct to HMRC?

by | Aug 20, 2014 | ACCA, personal taxatation, property taxation, residence and non residence

There is an obligation on letting agents and tenants to operate the non-resident landlord scheme (NRL scheme) under certain conditions. Letting agents of a non-resident landlord must: deduct tax from the landlord’s UK rental income; and pay the tax to HMRC. Tenants...

New UK GAAP: deferred tax

by | Aug 10, 2014 | ACCA, financial reporting

FRS 102 and new UK GAAP are getting closer with the implementation date of 1 January 2015 now less than six months away. Changes could impact on profits and net assets. It is important to get to grips with the main areas that will change under the new GAAP.  Apart...

Preparing firms for flexible working

by | Aug 7, 2014 | ACCA, business issues

Employees now have the right to request flexible working. What does this mean for small businesses? There have been changes to the right to flexible working from 30 June 2014. The changes are hard to miss with both politicians and business communities publically...

Savings All Round

by | Aug 7, 2014 | personal finance, Tax Help for Old People

The spring budget stated that millions of us would benefit from changes to our savings. Well, they started in June and continue through to April 2015. These changes are designed to help those on lower incomes and we thought this month’s article would serve as a timely...

New SORPs for Charities and LLPs

by | Aug 1, 2014 | ACCA, financial reporting

Charities SORP The FRC approved the SORP for the new Financial Reporting Standard (FRS 102) and the SORP for Financial Reporting Standard for Smaller Entities (FRSSE). Access the new SORP via ACCA’s Technical Advisory webpages The Consultative Committee of...

VAT notices updated

by | Jul 23, 2014 | ACCA, VAT

For the most up-to-date information on VAT notices ACCA has produced a summary of VAT Notices, categorised into groups to demonstrate the additional notices available that you may not be aware of. The summary has just been updated; view the latest changes and current...

VAT across Europe

by | Jul 21, 2014 | ACCA

A useful summary of the VAT regimes – including rates and thresholds – across Europe is available on the ACCAs website: European VAT analysis
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