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UK wages ‘rising at fastest rate in two years’, data reveals

Data published by the Office for National Statistics (ONS) has revealed that UK wage growth increased to 2.6% during the three months to January – representing the fastest rate of growth since September 2015.

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EU plans for 3% digital tax

The European Commission has announced plans to introduce a 3% tax on digital businesses, likely to hit around 150 companies and bring in some €5bn (£4.4bn) a year

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Government publishes Making Tax Digital for VAT legislation

The government has published the Value Added Tax (Amendment) Regulations 2018, which outline the requirements for Making Tax Digital for VAT.

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Advisory Fuel Rates from 1 March 2018

HMRC has published the latest advisory fuel rates (AFR) for company car users.

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Businesses ‘underestimate’ cybercrime risk

A large proportion of small and medium-sized enterprises (SMEs) and the general public ‘underestimate the threat of cybercrime’.

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Time to consider year end tax planning

With the tax return filed (hopefully) on time, and the bill paid, now is the perfect opportunity to consider how to reduce next year’s liability.

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HMRC Gateway changes on 14th February

As you may be aware the HMRC Gateway will be closing on 14 February 2018.

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Last chance to meet the self assessment deadline

Next Wednesday, 31 January, is the final deadline for the submission of all personal tax returns for 2016/17.

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Carillion – HMRC offers support for businesses affected by liquidation

HMRC is providing practical advice and guidance to businesses affected by the Carillion liquidation through its Business Payment Support Service (BPSS)

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Thinking of starting a business in 2018?

You want much more out of your business that a great set of books and an on-time tax return, don't you?

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40% of taxpayers need help with Making Tax Digital preparations

The majority of small businesses need help with Making Tax Digital with nearly half of the taxpayers (40%) calling for extra guidance. Read about it here.

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Don’t miss the Deadline!

The department is reminding customers to complete their online tax return ahead of the 31 January deadline. Read more about this story here.

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An Inspector Calls – Will You Be Ready?

When HMRC calls they expect to see a variety of documents including payroll records, expenses claims, mileage records and more. Read about it here.

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Interest rates double to 0.5%

The Monetary Policy Committee (MPC) has voted by a majority of 7-2 to increase interest rates to 0.5%. Read our take on this story here!

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Small Business Commissioner appointed by government

The government has appointed the first Small Business Commissioner, who will seek to ‘empower small businesses in the UK. Read more here.

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Penalty system for abuse of apprenticeship levy

The HMRC penalty system for inaccurate information in returns and documents has been updated to apply to the apprenticeship levy. Read here.

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Help to Buy schemes help 320,000 property purchases

Official figures show the government’s Help to Buy schemes have supported over 320,000 people to buy a home. Read the full story on our site here.

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Treasury urges individuals to donate round pounds to Children in Need

BBC Children in Need has partnered with the Treasury and The Royal Mint to encourage people to donate the remaining round £1 coins to the charity.

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UK ‘Won’t Cut Taxes Post-Brexit’, Chancellor States

The Chancellor stated that we will remain within the ‘EU average’ in terms of tax rates, and will not seek to reduce taxes in a bid to be more competitive.

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New Trade Body To Be Created By Goverment

The government has revealed its intention to create a new trade authority, termed the UK Trade Remedies Organisation. Read what we have to say here.

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How can we help you?

Brearley & Co Accountants are pleased to offer a free, no obligation, initial consultation with one of our experts who will be happy to discuss your business needs and how we can help you.

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