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Charity Quiz Night

Burgess Hodgson were delighted to hold their annual Quiz Night on Friday 5th Oct 2018.

We had a brilliant turn out, including representatives from many local businesses and have raised an incredible £4300 for our nominated charities – The Umbrella Centre, The Samaritans and Catching Lives.

Thank to everyone who supported this event!

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Managing sick pay couldn’t be easier

HMRC have designed a new online guide for employers that’s interactive, easy to use and available when you are.
Suitable for new employers and those wanting to refresh their knowledge, the guide covers:

• periods of incapacity for work (PIW)
• waiting days
• qualifying conditions
• linking periods
• how much to pay and for how long
• managing attendance
• occupational sick pay.

(more…)

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Making Tax Digital

We have created our own guide to help you understand how Making Tax Digital might affect you.

Click here to download your guide

 

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Is your business eligible for Research and Development (R&D)?

There are tens of thousands of pounds being lost in tax relief by eligible companies every year. This reflects the common misconception that Research and Development (R&D) is confined to manufacturing, tech giants or research laboratories. In reality, businesses are often undertaking #R&D in their day-to-day activity, driving innovation and moving the industry forward without realising. Get in touch to find out more.

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HMRC release statistics on Corporation Tax for 2018

HMRC have released detailed statistics on the Corporation Tax system for 2018. The statistics show Corporation Tax receipts of £56 billion – an increase of 11% on 2016/17. There were almost 1.5 million companies recording Corporation Tax liabilities . Around 8,000 companies had Corporation Tax liabilities of in excess of £500,000 – and contributed around 58% of the Corporation Tax collected.

CLICK HERE TO FIND OUT MORE

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Appeal allowed in part in recent tax tribunal case regarding Capital Allowances

A complex recent tax case to the First Tier Tribunal has found partially in the tax payers favour. The case involved construction of a hydro-electric power facility near Loch Ness. The total cost of the scheme was around £300 million – the taxpayer claimed £260 million qualified for Capital Allowances. HMRC accepted that £34 million qualified but the balance of £227 million remained in dispute. The tribunal found partially in the tax payers favour – but given the amounts involved an appeal to a higher tribunal is likely.

CLICK HERE TO FIND OUT MORE

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Making Tax Digital Workshop

Making Tax Digital Workshop

3rd October 2018

Canterbury Cathedral Lodge

Two Sessions:

7.30am-9.00am

or

9.30am-11.00am

To book into your preferred session email: marketing@burgesshodgson.co.uk

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Tax case: Penalties issued by HMRC found to be invalid even though taxpayer had agreed to paperless contact

The taxpayer had registered for Self Assessment on the HMRC website and agreed to paperless contact from HMRC. Subsequently the taxpayer omitted to submit her 2015/16 tax return and HMRC began to issue penalties for late filing. The penalties were issued by way of messages to a secure mailbox on the HMRC portal. It was not until the penalties reached £1,200 that the tax payer received written notification of the penalties. The First Tier Tax Tribunal reviewed the case in July 2018 and found that the penalties were invalid as they were notified electronically.

CLICK HERE TO FIND OUT MORE

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Government produces guidance on VAT system if ‘No Deal’ Brexit

As part of the publications regarding the planning for a ‘No Deal’ Brexit the government has published details of the plans for the VAT system. The intention is to maintain the VAT system as closely as possible to the current system. The biggest potential change would be that the government would introduce ‘postponed accounting’ on all goods (both from the EU and outside the EU) brought to the UK. This measure is intended to avoid gridlock at the ports – and particularly for those bringing in goods from outside the EU is a relaxation of the current rules.

The position for those exporting from the UK is more difficult and a ‘No Deal’ Brexit will mean goods sent to the UK will potentially be subject to EU VAT and Duty in the destination country.

CLICK HERE TO FIND OUT MORE

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