by David Winfield | Nov 4, 2019 | Accounting News
Separating from your spouse (for VAT purposes) You and your spouse run separate businesses, each trading below the VAT registration limit. The trouble is HMRC can argue that the businesses should be treated as one. What did a recent First-tier Tribunal have to say...
by David Winfield | Mar 11, 2019 | Accounting News, Uncategorized
Making tax digital for VAT legislation requires you to have “digital links” between your financial data and the quarterly VAT reports. What changes might you need to make to your record keeping to achieve this? Why digital links? VAT law offers no explanation of what...
by David Winfield | Dec 14, 2018 | Accounting News
HMRC has launched an online tool which allows you to check if you need to submit a tax return for 2017/18. It’s easy to access, simple to use but very misleading. What’s the full story? Tax return required? HMRC’s latest online tool, launched on 28 November 2018, aims...
by David Winfield | Nov 16, 2018 | Accounting News, Uncategorized
As usual, the more interesting Budget changes didn’t feature in the Chancellor’s speech but in the documents produced by HMRC. What important changes might you have overlooked? Hidden agenda. These days the Budget speech is more of a media show than an explanation of...
by David Winfield | Oct 2, 2018 | Accounting News
From 1 November 2018 property service companies will no longer be able to use HMRC’s concession to exempt certain types of supply. As a landlord how might this affect you? Service charges. If as a landlord you’re responsible for the upkeep of common areas, e.g....
by David Winfield | Sep 11, 2018 | Accounting News
Vague legislation. For VAT periods which start on or after 1 April 2019 you’ll be required to use HMRC’s Making Tax Digital for VAT (MTDfV).The legislation was published in early 2018, but details about how it will work in practice were not forthcoming. Not a moment...
