Making Tax Digital (MTD) is the government’s latest attempt to fully digitise the process of collecting data from taxpayers so they can speed up the process of calculating how much tax you owe. Until recently, we were facing radical changes to the tax system to accommodate this objective. Businesses (including landlords) were to be required […]

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For some time now, unincorporated businesses have been able to submit simplified accounts in order to settle their tax liabilities. The main advantage of this system is that income and expenditure is based on money received from customers and money paid to suppliers. In other words, the accruals basis, where income and outgoings are based […]

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It’s worth repeating an article we first published March 2016 highlighting the cash benefit to company car drivers and their employers, of reimbursing the cost of fuel provided for private motoring. The rates have been updated for 2016-17. Since the tax on private fuel provided with company cars is so high, many employers now have […]

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It’s the appropriate time of the year to consider your Capital Gains Tax position if you have already disposed of (or are considering a disposal) of an asset subject to CGT during 2016-17. Most of our readers will be aware that they can make chargeable gains of up to £11,100 in the tax year 2016-17 […]

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