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NATIONAL INSURANCE

Return of the two-tier NI threshold New rates. The government has announced the rates and thresholds for NI contributions for 2020/21. There’s nothing startling about them with one important exception; there will be two NI earnings thresholds (ETs). While in 2017 the...

VAT

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...

HMRC’s new self-assessment tool

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...