News & Blog

30 Apr 2017

As soon as Theresa May announced her plans to call an election, it was immediately obvious that vast swathes of the Finance Bill 2017 (FB17) would be deprioritised. As a result, they would fail to make it through the usual inter party horse trading, which takes place to ensure that vital pieces of legislation are passed prior to the dissolution of parliament.

Indeed, almost overnight what had pro...

29 Apr 2017

Following concerns over a rushed Finance Bill, the government has dropped several pieces of legislation during the Finance Bill committee stage debate – deleting 72 out of 135 clauses and 18 out of 29 schedules.

The Association of Taxation Technicians (ATT) welcomed the government’s decision to condense the pre-election Finance Bill and exclude legislation regarding allowances for micro-enterpris...

25 Apr 2017

With MTD representing “the single most significant change to the UK’s system of taxation in recent times”, are SMEs ready?

HMRC is planning for the majority of businesses in the UK to maintain their business records digitally and to report information quarterly from April 2018, 12 months from now. Little draft legislation is currently available, but HMRC’s intentions are clear from last year’s “m...

12 Apr 2017

Sole Trader bookkeeping with PERSPECTIVES ACCOUNTING & BUSINESS SERVICES is now as easy as 1Tap.

Your annual Self Assessment can take a lot of time and effort that could be better spent on your business. At Perspectives we can help you get that time back and save you money while we’re doing it.

Here are five reasons why we think you’ll love using 1Tap with Perspectives.

1. No more storing paper

If y...

7 Apr 2017

As the 2017/18 tax year began yesterday, a range of new tax and business measures came into effect.

The introduction of the new Apprenticeship Levy is principal among these forming part of a government target to create three million new apprenticeships in England by 2020. The Levy requires employers with annual pay bills of over £3 million to invest a percentage of their yearly pay bill in a...

5 Apr 2017

HMRC has collected an additional £3.3bn from SMEs following inquiries into underpaid VAT over the past year, according to tax investigation insurance specialists PfP.

PfP said that the investigations had been carried out by two newly created teams at HMRC: the Individuals & Small Business Compliance unit, and the Wealthy & Mid-sized Business Compliance unit. The company said that VAT is a key are...

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