by Chris Barlow | Feb 20, 2023 | Latest, Tax
In November, when he shared his Autumn Statement with the nation, Jeremy Hunt announced a 9.7% increase to the National Living Wage (NLW) from 1st April 2023, as well as increases to National Minimum Wage (NMW). What seemed like a far-off change three months ago, is...
by Chris Barlow | Jan 11, 2023 | Latest, Tax
From the 1st of February 2023, HMRC will stop sending receipt letters for VAT option to tax (OTT) notifications. They will, however, still send an automated email reply to OTT notifications sent via email. We recommend that you bear this in mind, and use email when...
by Chris Barlow | Jan 9, 2023 | Latest, Tax
In December, the Government pushed back their plans for Making Tax Digital for Income Tax Self Assessment – here’s what you need to know. It’s becoming increasingly difficult to ignore the fact that we’re living in a digital world. Whether you use Apple...
by Chris Barlow | Jan 4, 2023 | Latest, Tax
As we approach the Self Assessment deadline on the 31st of January, it’s becoming increasingly important for small businesses to receive outstanding payments from their customers and to chase any that are late. Back in December, Business Secretary, Grant Shapps,...
by Chris Barlow | Dec 12, 2022 | Latest, Tax
As we welcome in the New Year, HMRC will be welcoming a new penalty system for the late filing of VAT returns, amongst other changes… On the 1st January 2023 there will be a new points-based penalty system implemented for the late filing of VAT returns, and new...
by Chris Barlow | Dec 9, 2022 | Latest, Tax
In his Autumn Statement, Jeremy Hunt announced that there will be changes to the Research and Development tax relief for small and medium-sized enterprises (SMEs) When Jeremy Hunt delivered his long-awaited Autumn Statement last month, he outlined several changes to...
