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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

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

Budget 2018

In a longer than usual Budget speech, and in a slightly more jocular than usual mood, the Chancellor laid out the government’s vision for post-Brexit Britain. With a raft of measures aimed at shoring up businesses, infrastructure and the health service, Mr Hammond used the better than expected public finances to present an upbeat programme. Leaving some of the major announcements for last, this was a Budget to mark the coming of the end of austerity.

More details available in  S R Lynn Co – Budget Summary.

Posted on  by Tracy Martin

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. 

Posted on  by Joanne Stoneman

EIS Schemes and Directors

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

Posted on  by Joanne Stoneman

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. 

Posted on  by Joanne Stoneman

Handpicked Accountants

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

Abolition of Class 2 National Insurance

The Government has delayed the abolition of Class 2 National Insurance until 6 April 2019.  Read more here.

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.

Posted on  by Joanne Stoneman

Married Couples Transferable Tax Allowance
 
If your income is less than £11,850 in the 2018/19 tax year,  you may be able to reduce your husband, wife or civil partner’s tax by up to £237.

The  Marriage Allowance will let you transfer £1,190 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. 

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