VAT application form and calculator
Tax Saving Accountants

VAT Registration: Who Needs it and How to Register

Everything a new or small business needs to know about VAT Registration If your business meets certain criteria then you will be expected to register for VAT. Even if you are not required to, it can be beneficial for some businesses. Here we explain to both new and small businesses what the criteria are for […]

make tax digital
Tax Saving Accountants

HMRC’s New Online Tax Return System; Making Tax Digital

This brand new service is part of the initial steps towards a fully digitalised tax system. Tax returns remain an annual burden for many, but this year millions should expect to be redirected to a brand new and user-friendly online tax return system by the end of December to complete their self-assessment. The service will […]

Tax on Sugary Drinks
Tax Saving Accountants

Tax on Sugary Drinks Backed by MPs

Tax on sugary drinks are being implemented to target childhood obesity in the UK, MPs say The Commons Health Committee has recently published a hard-hitting report, with compelling evidence which puts pressure on ministers, for the long-awaited 20% tax on sugary drinks to fight child obesity in the UK. The report claims “One-fifth of children […]

protecting the piggy bank
Tax Saving Accountants

Council Tax Affected By A Population That Lives For Longer

Local Government Association (LGA) warns that council tax bills are due to cost £200 more for Band D properties over the next five years as generations live for longer. Social care spending is predicted to exceed the available funding of £2.9 billion by 2020. Chancellor George Osborne has given extra fundraising powers to local authorities […]

debenhams santa tax
Tax Saving Accountants

Debenhams is Bringing the Dreaded Santa Tax Back

Once again suppliers are being squeezed in the run-up to Christmas with the return of the dreaded Santa Tax for the third year in a row. Debenhams, for the second time in three years, has frustrated its suppliers in the run-up to Christmas by demanding a 1 to 2pc reduction on bills in return for […]

self-employment boom
Tax Saving Accountants

Self-Employment Booms Across The UK

The latest ONS figures show that self-employment is here to stay. After seven months of being in decline, the UK has seen the figures of self-employment rise significantly. The report was published by the Office for National Statistics (ONS) November 11th 2015. The number rose by 30,000 during the third quarter of 2015. Which is […]

hmrc negligence
Tax Saving Accountants

HMRC’s Customer Service Failure Results In Tax Return Fury And Confusion

Millions have been left in the dark regarding their tax returns, PAYE slips and other financial documents due to a huge amount of unanswered HMRC phone calls. In the first half of the year, the HMRC were only able to successfully answer half of all calls made to them, with 39% of inquiries dealt with […]

landlords cash flow affected by new high interest rates
Tax Saving Accountants

Buy-to-Let Tax for Landlords

Landlords will now be punished with interest rate rises for running a business and investing in buy-to-let properties. Landlords, who put their faith with Conservatives for their extensive knowledge of the private renting sector, were quickly disillusioned once the Chancellor, George Osborne announced his new plans to regulate buy-to-let mortgages. New Restrictions on Buy-To-Let Tax […]

Tax Saving Accountants

Facebook’s Tiny Corporation Tax Bill

Facebook Is Not Profitable In The UK Year after year, we have dealt with countless headlines of massive multimillion companies dodging their UK tax payments and saving millions. Facebook is the latest company in the spotlight; currently, the company pays less tax than the average UK employee. How Has Facebook Managed To Pay Less Tax? […]

Tax Saving Accountants

Tory Working Tax Credits Cuts will Leave you Worse Off

A new study was conducted by the Resolution Foundation think-tank, which was released the day after David Cameron promised an “all-out assault on poverty” at the Manchester Conservative Conference. The study found that, in spite of a higher National Living Wage, the Working Tax Credit cuts would mean 200,000 children, predominantly from working households, will […]

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