Articles

Public Sector IR35 Worker Changes

In the Autumn Statement 2016 Philip Hammond announced some proposed changes in relation to how public sector contractors work within IR35. These changes have been confirmed in the Spring Budget 2017 and will come into effect from April 2017. Who will be affected? The new rules will apply when: a worker performs services personally the client…
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Spring Budget 2017

On 8th March 2017, Philip Hammond delivered the much anticipated Spring Budget 2017, outlining tax and welfare reforms, as well as changes to public service spending. This is the last Spring Budget as all future Budgets will take place in the Autumn. It is clear that one of the Government’s aims of the Budget is to…
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Tax Refund Notifications – SPAM Alert!

Several clients have contacted us recently about emails and/or text messages they have received about tax refunds. These may look like they have been sent from HMRC and at first glance look genuine, however HMRC would NEVER contact you about a tax refund by email or text. These emails and/or text messages are spam and…
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VAT is changing…

During the Autumn Statement 2016 on 23 November 2016, an announcement was made by the Chancellor to change how the VAT Flat Rate Scheme is used by a many small businesses. There had been no hints or whispers of such changes, so this came as a shock to us accountants and tax advisers I can…
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The VAT Flat Rate Scheme Explained

The VAT Flat Rate Scheme (FRS) allows small businesses with a turnover of between £73,000 and £150,000 to calculate the amount of VAT they pay back to HMRC as a fixed percentage between 5% and 14.5%, instead of the standard 20%. The amount payable is calculated based on the type of business you have. Is…
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Contractors claiming tax relief on travel and subsistence: a thing of the past?

Contractors in the UK may have heard recent rumblings of new legislation placing restrictions on claiming tax relief on travel and subsistence. The dreaded “IR35” will take effect from this month (April 2016), but what do the changes mean for you? Let’s start from the beginning… A 2014/15 consultation, entitled “Employment Intermediaries: Temporary workers –…
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