A Spring Statement in the eye of the Brexit Storm

The Chancellor rose in a parliament preoccupied with the ongoing Brexit drama to deliver a Spring Statement on the state of the economy.  There were no new tax measures and only minor changes, which can be viewed here.

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Making Tax Digital Guidance and Links

We have noted a few HMRC links on MTD that you may find useful. 

Registering for VAT on or after 1 April 2019?

If you’re required to register for VAT on or after 1 April 2019,  Making Tax Digital for VAT will apply to you.  Read more in Jo’s blog. 

Company Car Advisory Fuel Rates increase from 1st December 2018

Full details and details of the amounts to pay for electric cars here.

HMRC Tax Calculation Forms P800

If you receive one of these calculations from HMRC, we would encourage you to check them. More info in Jo’s blog. 

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EIS Schemes and Directors

Do you qualify for EIS relief?  Jo explains in her blog.

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VAT Notice 700/22 Making Tax Digital

HMRC have issued VAT Notice 700/22 MTD for VAT.  This sets out examples of how digital links can be used and where they are required.

VAT registered businesses should take the time now to look at this notice, as MTD for VAT comes in to effect April 2019.  More info in Jo’s Blog

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Handpicked Accountants

S R Lynn & Co become Handpicked Accountants.  Read more.


When does a Business need to register for VAT? 

In her blog, Jo looks at VAT registration and items you can exclude when deciding if you need to register for VAT.

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The  Marriage Allowance will let you transfer £1,190 (£1,250 in 2019/20) of your Personal Allowance to your partner. This is the amount of income people can get before paying tax.

To register your interest in the Married Couples Transferable Allowance with HMRC click here. 

Previous blogs  you may find of interest…