YOUR VAT RETURN AND MAKING TAX DIGITAL
Support from HMRC
Most VAT-registered businesses with a taxable turnover above £85,000 now need to submit their VAT returns using Making Tax Digital compatible software. HMRC can help you get ready with live webinars and short videos.
The HMRC are running a number of Webinars to assist anyone wanting to know more;
Making Tax Digital: This webinar gives an overview of Making Tax Digital and includes digital record keeping, compatible software, signing up for Making Tax Digital, working with agents and submitting VAT returns directly from the business records. You can ask questions using the on-screen text box.
Other dates are available from the drop-down menu on the registration page.
SELF EMPLOYED .. WHAT CAN I CLAIM AS EXPENSES?
If you're self-employed, you will have various running costs. Some of these expenses you can deduct on your tax return as allowable expenses. Allowable expenses do not include money taken from your bu ...
CHANCELLOR ORDERS REVIEW OF CAPITAL GAINS TAX
The chancellor has commissioned a review of Capital Gains Tax (CGT) to examine how gains are taxed in comparison to other types of income. The office of Tax Simplification (OTS) will undertake the rev ...
BORIS TELLS MP'S TO SUPPORT THE GOVERNMENTS VIEW ON IR35 AMENDMENTS AND OFF-PAYROLL
So we finally find out why so many MP's did not, or did not want to get involved with trying to stop Off-Payroll Working Rules and IR35 amendments, completely ignoring the Finance Bill and report from ...
BRICKWORK CONTRACTOR LOOSE CASE - STATUS OF CONSTRUCTION INDUSTRY CONTRACTORS QUESTIONED BY TRIBUNAL RULING
An Employment Tribunal has thrown into question the status of construction industry contractors in a ruling finding that two contractors were in fact employees and should be afforded the protections o ...
CALL TO BUILD 100,000 HOMES A YEAR FOR COVID-19 HEROES
Ministers are being urged to build 100,000 homes a year to rent for key workers involved in the fight against coronavirus. The Local Government Association has called for a social house building ...
RACE FOR £250M SOUTH EAST NEW-BUILD HOUSING DEAL
South East Consortium is planning to invite tenders next month for a fresh line-up of firms to deliver a £250m new-build housing programme. The 37-member strong consortium consists of sever ...