New proposals released by HMRC on making tax digital in 2019

Last July, the Financial Secretary to the Treasury & Paymaster General made the announcement that Making Tax Digital for VAT will come into play in April of 2019. Here is what you need to know… From that date, businesses with a turnover above the current VAT threshold of £85,000 must keep their records digitally They … Continued


Tax Filing Deadlines

The key HMRC filing deadlines for 2017 including PAYE cheque payments, online CIS returns, PAYE settlement agreement. 1 June              Employers to give a statement showing the benefits that have had tax collected on them through payroll to relevant employees in 2016/17 19 June            Filing online CIS … Continued


NHS Watchdog Revises IR35 Guidance For Off-Payroll Medics

The regulator for NHS trusts and foundation trusts has revised its guidance on the application of IR35 tax rule changes for NHS agency staff, including doctors and nurses, stating that each case should be treated on an individual basis. The IR35 tax rule changes, which came into force on 6 April 2017, shifted the responsibility … Continued


Download our brand new app today!

                    Did you know that over 60% of the UK population now own a smartphone & 85% of people prefer to use apps rather than a website? At KPP Accountants, we think it’s essential that we maintain communication with our clients and contacts in a modern & … Continued


Get the most from a tax-free loan

There are tough rules to prevent directors overusing loans from their companies. However, it’s possible to have tax-free personal use of your company’s money for up to 21 months. How is it done? Company loan recap If you borrow money from your company there are two possible tax charges. The first is for you on … Continued


Should properties be held personally or via a company?

One of our clients has recently come into a substantial amount of money via an inheritance. She is looking to build up a rental property portfolio, and wants to know whether to do this via a company. What did we advise? Windfall Our client was the sole beneficiary of her late mother’s estate, including several … Continued


Can I reclaim VAT on Mileage Expenses?

This is a common question I am asked by my clients. Therefore, I thought it was time I clarified whether you can indeed claim VAT back on mileage payments to you and your employees? The short answer is yes. However, how this is achieved is slightly more complicated. Just to clarify, HMRC allows employees and … Continued


THE NEW TAX YEAR CHECKLIST

The new tax year is fast approaching again! To ensure your business has a successful 2017, it is imperative that your to-do list is always up to date with all new and relevant obligations that employers face. Read the check list below to ensure your businesses success. • The Apprenticeship Levy Effective from April 2017, … Continued


Do you have to declare property rental income?

You’ve let out a house for years, but your total income has always been less than your tax allowance so you haven’t declared it to HMRC. Will you need to reconsider this in view of the impending major changes to the tax rules for landlords?  Non-declaration. One of our subscribers owns a property jointly with his … Continued





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New proposals released by HMRC on making tax digital in 2019

Last July, the Financial Secretary to the Treasury & Paymaster General made the announcement that Making Tax Digital for VAT will come into play in April of 2019. Here is what you need to know… From that date, businesses with a turnover above the current VAT threshold of £85,000 must keep their records digitally They … Continued

Read more

Tax Filing Deadlines

The key HMRC filing deadlines for 2017 including PAYE cheque payments, online CIS returns, PAYE settlement agreement. 1 June              Employers to give a statement showing the benefits that have had tax collected on them through payroll to relevant employees in 2016/17 19 June            Filing online CIS … Continued

Read more
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