Under Making Tax Digital, businesses with turnover exceeding the VAT registration threshold (£85,000 until 2022) will, with a small number of exceptions, be required to submit VAT returns for periods beginning on or after 1st April 2019 directly from software. It will not be possible to type the return into HMRC's VAT portal as most do at the moment. This will mean businesses using manual records, spreadsheets or older accounting packages need to consider how they will submit VAT returns going forward, something we are discussing with our clients on an ongoing basis. We are finding that each client's situation is different and that there are a variety of solutions available, including bridging software. It may be worth moving to a modern cloud based accountancy package such as Xero, Sage or QuickBooks, but there is no...
Please note that the Harts Accountants office will be closed from Monday 24th December 2018 at 12.00 noon and will re-open on Wednesday 2nd January 2019 at 8.30am. On behalf of all at Harts, we would like to wish you a very Happy Christmas and a prosperous New Year....
At The Business Club event on the 12th December we raised £305 in the raffle with the first price donated by The Belle Epoque in Knutsford. The money raised will be split equally between Lifeshare and the Children's Adventure Farm Trust. In 2018 Ladies in Business have been raising money through for CR8 through event raffles and we are delighted to announce that £630 has been raised in total. Thank you to everyone who contributed and supported these three worthy charities...
The Harts Winter Newsletter 2018 is now available to view online or to download. Topics in this issue include:
- EMI: an eventful year
- Landfill brings new tax risk
- Business disruption: tools to survive
- Café in hot water
- Furnished Holiday Lets
- Housing Wealth - Inheritance Tax
- Tax tips for the farming business
- HRMC Business Tax Account: is yours activated
- Making Tax Digital - Harts training events
Welcome to our monthly newswire designed to keep you informed of the latest business and tax issues. Please contact us if you have any questions. Remember, we're here to help. Click on the title for more information.
- Committee warns small businesses 'could pay heavy price' for MTD - The Economic Affairs Committee has warned HMRC that small businesses 'could pay a heavy price' for Making Tax Digital for VAT.
- Leaving the EU with no deal - The government has published a collection of documents in preparation for the scenario of the UK leaving the EU without a Withdrawal Agreement a so called 'no deal' Brexit.
- 180,500 new homeowners benefit from stamp duty tax relief - According to statistics published by HMRC more than...