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Developing and Expanding your Business

by | Mar 18, 2014 | PSC, psc guide

We’ve expanded our popular and well used PSC guidance notes to incorporate a new guide to Developing and Expanding your Business, recognising the aspiration of many of our PSC clients to go beyond their current business model, minimising risk and maximising...

Strategic report for charities

by | Mar 7, 2014 | ACCA, business issues

The Charity Commission and the Office of the Scottish Charity Regulator (OSCR) have issued an information sheet on how trustees should prepare a strategic report for certain charitable companies. Information Sheet 5 The Strategic Report and Company Charities has been...

RTI penalties

by | Mar 1, 2014 | ACCA, employer returns, RTI

HMRC has relaxed the RTI penalty regime that was due to start in April. The penalties regime will now be introduced in stages. The following are the key dates for the diary: April 2014: in-year interest on any in-year payment not made by the due date October 2014:...

It pays to declare

by | Feb 24, 2014 | personal taxatation

‘Closing the tax gap’, or the difference between the tax actually collected and that which HMRC thinks should be collected, represents an important challenge for the Department. The tax gap reflects tax lost for a variety of reasons. These include criminal attacks on...

February VAT update

by | Feb 21, 2014 | ACCA, VAT

The latest changes to VAT, including on food, pensions and students.  Business to consumer (B2C) supplies The EU place of supply VAT rules will change from 1 January 2015. The changes impact B2C supplies including e-services. From 1 January 2015, the place of taxation...

Private residence relief reducing

by | Feb 20, 2014 | ACCA, capital taxation

The period that private residence relief impacts on capital gains tax will be reduced from 6 April 2014. Private residence relief – or principal private residence relief – applies for capital gains tax purposes if the dwelling house or part of the dwelling house has...

VAT update

by | Feb 15, 2014 | ACCA, VAT

The latest changes to VAT in both the UK and further afield in the EU.  EU VAT The French government has gone ahead with its 0.4% increase to the standard rate of VAT (called TVA in France) to 20%, effective from 1 January 2014. This increase is a small change when...

Trading losses

by | Feb 13, 2014 | ACCA, business taxation, personal taxatation

With the self-assessment deadline fast approaching, there are options how trading losses may be utilised for tax purposes.  A profitable business will pay tax on its profits but when times are not so good it will need to ensure that any available loss relief is...

Pensions auto enrolment: an update

by | Feb 12, 2014 | ACCA, pension reform

Auto enrolment is well underway. Updated guidance outlines when it will impact on businesses of different sizes and what steps they should take. The Pensions Regulator has detailed guidance on the various steps and processes involved with automatic enrolment. This...
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