News

The independent loan charge review, conducted by Sir Amyas Morse, was published on 20 December, having been delayed due to the general election. The loan charge was introduced to collect tax from individuals who had benefited from schemes devised to avoid PAYE and national insurance....

In January the government launched a four-week review of the changes to IR35 “off-payroll” working rules scheduled to come into force in April, as the result of mounting criticism about the way they will operate. The review is scheduled to conclude by mid-February and will...

The December General Election meant that the Autumn Budget was delayed and we now know that Sajid Javed will deliver his first Budget on the second Wednesday in March which is when Budget day used to be! We are expecting that the tax measures in the...

We were delighted when we recieved this certificate from the team at The Donna Louise in Stoke-on-Trent. It recogonises the pride we take in Corporate Social Responsibility and the £77,477.13 that we have raised for the children's and young people's hospice over the last 10 years. We...

On 17 January DPC Accountants and Sage are hosting an open day at Summit Hospitality to help businesses get ready for Making Tax Digital (MTD) If you are a VAT registered business with turnover of more than £85,000, from April 2019, you will be required to...

Draft legislation in the next Finance Bill will introduce significant changes to the reporting of residential property disposals and the payment of Capital Gains Tax (CGT) from 6 April 2020. Currently non-UK resident taxpayers disposing of UK residential property are required to report the disposal to...

There is a requirement to register with HMRC by 30 September 2018 in order to settle on preferential terms before the outstanding loan charge arises on 5 April 2019. This new tax charge applies to any outstanding loans that exist as a result of a disguised...

HMRC have now issued their detailed guidance on the digital record keeping and return requirements for Making Tax Digital (MTD) for VAT. VAT Notice 700/22 clarifies that spreadsheets may still be used to keep business records provided that there is bridging software that links to the...