MTD for VAT is fast approaching. This cheatsheet shows some helpful information and resources that should assist a smooth transition. Who has to register and what records do you need to keep: From April 2019 VAT registered businesses and organisations with taxable turnover above the VAT threshold of £85,000 will be required to: Maintain their
Automatic Protection Ltd in Biggar have been a client of ours since 2013. They were established in January 2001 by Father and Son team Neil and Stuart Harrison. Based in the border town of Biggar, South Lanarkshire, APL has over 45 years of experience in the fire and security industry with unparalleled expertise in Automatic Fire
Making Tax Digital – The Short Version Making Tax Digital sounds complex but in the first phase all that it means is that all VAT registered businesses must be submitting VAT returns straight from Software starting in April next year. Making Tax Digital – The Slightly Longer Version HMRC’s Making Tax Digital initiative is edging
The government announced the abolition of Class 2 NI last year. https://www.gov.uk/government/consultations/consultation-on-abolishing-class-2-national-insurance-and-introducing-a-contributory-benefit-test-to-class-4-national-insurance-for-the-self-employed/the-abolition-of-class-2-national-insurance-introducing-a-benefit-test-into-class-4-national-insurance-for-the-self-employed However as is so often the case the law of unintended consequences kicked in and this week the government announced that Class 2 would not be abolished after all. One of the consequences of this change was that people with self employed profits
When we take on a new client who is setting up a business there is often a frustrating delay while they have to go to a traditional bank to set up a bank account. This process can take weeks. Sutherland Black are pleased to announce a new partnership with Tide, one of a new breed
The Autumn Budget of 2017 announced that there would be a change to the VAT regime for Contractor Labour starting in October 2019. Similar to the existing CIS scheme this will mean that VAT charged on labour will be paid over by the recipient of the labour service rather than the supplier. This means yet
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