Blog Archive

Making Tax Digital – draft legislation published

Posted on September 20th, 2017 by Pro Business | No Comments

Who is affected? The draft legislation confirms that from April 2019 all VAT registered businesses (incorporated and unincorporated) will be required to keep their VAT records digitally, using MTD compatible software. What are the deadlines? HMRC has confirmed that the MTD quarterly submission dates may be linked to a business’s existing VAT return periods and

August 2017 – Mendip Times

Posted on July 26th, 2017 by Pro Business | No Comments

Lights, Camera, Action! Sometimes a new expertise creeps into your world in a quite unexpected way. In fact, if you aren’t careful, you can blink and miss the opportunity to pick up and run with it and in this rapidly changing world, that isn’t a great idea. A couple of years ago, the redoubtable captain

Making Tax Digital – July 2017 update

Posted on July 21st, 2017 by Pro Business | No Comments

At last someone is listening! In the latest announcement from the Government about their Making Tax Digital strategy there is an acknowledgement of the widely held concerns about the pace and scope of the proposed changes to the tax reporting systems. New parameters and a new timetable have been announced as follows: only businesses with

Workplace Pension – don’t ignore it!

Posted on July 18th, 2017 by Pro Business | No Comments

According to a report by the FSB, The Pensions Regulator (TPR) is carrying out spot checks across towns and cities in the UK to make sure that employers are complying with their auto enrolment of workplace pension duties. Inspections have already been carried out in London and Manchester and, within the last two weeks, checks

June 2017 – Mendip Times

Posted on June 13th, 2017 by Pro Business | No Comments

IT’S THE PEOPLE THAT MAKE THE BUSINESS. One of my ‘Linked In’ (an on-line network for business folk) attributes is Business Development, so it won’t come as a surprise that after all the years I have spent encouraging, helping to launch, and develop young businesses, I might feel a bit knowledgeable about this field. However,

Making Tax Digital – Election update

Posted on May 02nd, 2017 by Pro Business | No Comments

Following the surprise announcement of a General Election, the legislation to bring into effect the Making Tax Digital measures has been dropped from the Finance Bill that has to be passed before Parliament is dissolved. The Government decided there was insufficient time for scrutiny of these major changes which would affect all businesses. Where this

Do you take card payments? If so, read on…

Posted on May 02nd, 2017 by Pro Business | No Comments

Legislation issued in 2013 gave HMRC power to access data from organisations that process the credit and debit card transactions for UK businesses. Last month HMRC launched the Card Transaction Programme which is a new disclosure opportunity for businesses that accept credit and debit card payments and realise that they have not declared all their

Theresa May wants a “pro-business, Brexit deal”

Posted on April 06th, 2017 by Pro Business | No Comments

As Prime Minister Theresa May triggers Article 50 this week, UK business groups are calling for a constructive negotiation and a practical, pro-business Brexit deal. The Federation of Small Businesses (FSB) has promised the Government it will provide “constructive” support during Brexit negotiations. FSB national chairman Mike Cherry said: “FSB will continue to be a

April 2017 – Mendip Times

Posted on April 06th, 2017 by Pro Business | No Comments

LOTS OF SMOKE, BUT NO FIRE! Anyone who knows me well will attest to the fact that technology and I have a dubious relationship. However, something happened this last week that gave me cause to respect it more than usual. It was a chimney fire. No, I haven’t lost the technological plot, stick with me

Be cyber aware.

Posted on April 04th, 2017 by Pro Business | No Comments

Here is a scary story direct from Gov.uk ! https://taxagents.blog.gov.uk/2017/04/01/dont-take-the-bait-be-cyber-aware/

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