The earlier article on the VAT treatment of disbursements has had to be updated as a result of a VAT tribunal case. The example provided in that article that illustrated a non-VATable disbursement scenario has now been judged to be one that should attract VAT, and so should not be used as any kind of template or treatment to be followed.Read More
The Chancellor’s second Budget of 2017
CLICK BELOW TO DOWNLOAD OUR AUTUMN 2017 BUDGET SUMMARY:
The Chancellor has announced a steady as you go Autumn Budget.
The highlight of his mildly expansionary package was a new stamp duty land tax relief for first time home-buyers (outside Scotland). As long as the consideration for the property is no more than £500,000, first time buyers will pay no SDLT on the first £300,000 and above that they pay the normal rates.
It is worth noting that the Scottish Budget will be published on 14 December when their income tax plans for 2018/19 will be announced.Read More
Are you talented and ambitious? Do you want a professional career? Do you want to earn as you learn?
If you answered yes to the above questions, then we would like to hear from you. As leading training providers in the South East, we are currently looking for our next high flyers to join our sought after graduate and school leaver training schemes. Hear from two of our current trainees about what opportunities a career with us can bring.Read More
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…)Read More
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;Read More
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.
Thursday 21st September 2017Read More
HMRC related phishing / bogus emails and text messages are on the increase, in response HMRC have published details and examples of current phishing scams to be aware of: