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Automatic enrolment – contribution increase from April 18

By law, the automatic enrolment pension contribution is increasing from 6 April 2018, and again from 6 April 2019. Employers must be ready to implement the changes on those days, so it is essential to start planning now to make sure you comply. (more…)

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Let me get that for you – VAT & disbursements

It’s always nice when you get something paid for by someone else, but in the ruthless world of commerce it’s likely that any such action is going to end up on an invoice as a recharge at some point. Often the cost will be rolled up within an overall charge for goods or services, but occasionally it will be separately itemised as an added extra.

The question then arises of how to treat this for VAT purposes.The use of the word ‘disbursement’ in VAT terms has its own interpretation and definition, and has been recently tested in the courts in respect of legal fees that are recharged. In explaining how disbursements worked it was often the legal sector that provided good examples, as in the following situations;

(more…)

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Auto-Enrolment spot checks – make sure you comply

The BH Payroll Bureau has learned that The Pensions Regulator (TPR) has begun employer spot checks across the UK. They will be targeting employers who they suspect are failing to comply with their workplace pension duties. (more…)

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HMRC are changing their VAT Portal

 

HMRC have recently confirmed that from 14 February 2018 the current platform used to submit VAT Returns electronically, the Electronic Data Interchange (EDI) will be decommissioned and replaced with a new platform.

(more…)

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Bookkeeping for the 21st Centruy – Making the Most of Xero

Complimentary Workshop

Along with Cloud accounting software providers, Xero, we will be providing an introduction and further workshop for both existing cloud users and those interested in finding out more.

on:

Thursday 21st September 2017

(more…)

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Are you a U.S. citizen?

Did you know that:

  1. You are still required to file U.S. tax returns even if you don’t live there?
  2. You could be caught a double taxation if your affairs are not setup correctly
  3. There are penalties for non – compliance

(more…)

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ICAEW reminds tax credit claimants of 31 July 2017 renewal deadline

ICAEW has issued a press release reminding tax credit claimants of the 31 July deadline for renewing tax credits claims.
The press release explains that if the cut-off date is missed, tax credit payments will stop and tax credits already paid since 6 April 2017 may need to be repaid. Claimants should already have been sent a renewal pack and tax credits can be renewed online, over the telephone or by sending the paper form included in the renewal pack by 31 July 2017.
The tax credits renewal process does two things: it gives HMRC the information it needs to finalise tax credit awards for last year, and it will also renew the claim for the current year.
View the press release: Tax credits – don’t miss 31 July deadline.

(more…)

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VAT: A “heads up” for Property Developers

The following will be of interest to anyone involved in development projects that include any ‘planning gain’ improvement works.

 
In a recent European Court of Justice case a Bulgarian developer was building a large holiday village. One of the requirements for obtaining the planning was that the developer substantially upgraded the local waste pumping station. In England and Wales this might be referred to as a ‘section 106’ (of the Town and Country Planning Act 1990) requirement. Similar examples might be for link roads, roundabouts or building community use areas or play parks. (more…)

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Auto Enrolment Changes

There is a forthcoming change to the way new employers staging dates occur.

Employing staff for the first time after 1 October 2017, legal duties for automatic enrolment begin on the day the first member of staff starts work.

Please see the below links for further details on how the staging dates work from now up to October 17, and please feel free to contact us if you have any further queries;

www.thepensionsregulator.gov.uk/en/employers/employing-staff-for-the-first-time.aspx

www.thepensionsregulator.gov.uk/en/employers/employing-someone-between-2-april-2017-and-30-september-2017.aspx

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