0113 246 1234

News Stories

VAT – beware the default surcharge

  • Posted On: 30 August 2017
VAT – beware the default surcharge A default surcharge is a penalty levied on businesses that submit late VAT returns. VAT registered businesses are required by law to submit their returns and make sure that payment of the VAT due has cleared to HMRC’s bank account by the due date.

Using your car for work and claiming for passengers

  • Posted On: 30 August 2017
Using your car for work and claiming for passengers Do you use your own car for business purposes? If so, you may be able to claim a tax-free allowance from your employer known as a Mileage Allowance Payment or MAP. The allowance is paid when employers use their own car, van, motorcycle or bike for

Who are people with significant control?

  • Posted On: 30 August 2017
Who are people with significant control? The register of people with significant control (PSC register) lists individuals who exert significant control over UK companies and came into effect 6 April 2016. A PSC is anyone in a company or LLP who meets one or more of the conditions listed

When do you qualify for the Additional State Pension?

  • Posted On: 30 August 2017
When do you qualify for the Additional State Pension? The Additional State Pension is only available to those who reached the state pension age before 6 April 2016 and are receiving the Old State Pension. The Additional State Pension is an extra amount of money paid on top of the basic Old State

Tax-Free Childcare Scheme compensation

  • Posted On: 30 August 2017
Tax-Free Childcare Scheme compensation HMRC has announced the launch of a new compensation scheme for users affected by system issues when trying to register to the new Tax-Free Childcare Scheme (TFCS). The TFCS was launched in April 2017 to the first tranche of working parents. The

Advisory fuel rates for company cars

  • Posted On: 30 August 2017
Advisory fuel rates for company cars The latest advisory fuel rates became effective on 1 September 2017. Fuel rates are reviewed four times a year with changes taking effect on 1 March, 1 June, 1 September and 1 December. You can use the previous rates for up to 1 month from the date

Tax Diary September/October 2017

  • Posted On: 24 August 2017
1 September 2017 - Due date for Corporation Tax due for the year ended 30 November 2016. 19 September 2017 - PAYE and NIC deductions due for month ended 5 September 2017. (If you pay your tax electronically the due date is 22 September 2017) 19

What is Form 17?

  • Posted On: 23 August 2017
What is Form 17? As a general rule, the fall-back position for couples who live together with their spouse or civil partners is that property income held in joint names is divided 50:50. This is regardless of the actual ownership structure. However, where there is

Running a business from home?

  • Posted On: 23 August 2017
Running a business from home? Anyone running a business from home should check if they need permission to do so: from a mortgage provider or landlord. Your local council may also need to be notified, for example, if you need a licence to run a home-based business. Running a

Costs that qualify for Research & Development Relief

  • Posted On: 23 August 2017
Costs that qualify for Research & Development Relief Small and medium-sized companies can claim R&D tax credits of 230% of qualifying expenditure incurred on or after 1 April 2015. This article lists a summary of costs that can be considered for this relief, broadly, if they contribute directly to