HaesCooper logoHaesCooper logo

Supporting you and your business

HMRC Updates

Date: 5th December 2018 | Post by: HaesCooper | Category: HMRC Updates
The MTD (Making Tax Digital) for VAT pilot arrangements have been extended by HMRC to 500,000 more businesses and HMRC have also deferred the statutory compulsory usage mandate for some businesses. The MTD for VAT pilot is now open to sole traders and companies that are up to date with their VAT....
Date: 18th July 2018 | Post by: HaesCooper | Category: Company Tax Updates & Information, HMRC Updates, Personal Tax Updates & Information
  In 2015, the HMRC announced that they were launching an initiative to improve the efficiency of the UK tax system, by moving both personal and business tax online – it's called Making Tax Digital (MTD). By 2020, the HMRC has set the target of migrating the majority of business, self-employed and...
Date: 20th April 2017 | Post by: HaesCooper | Category: HMRC Updates
Following consultation, the government has published draft new rules on employee termination payments. As an employer, how and when might they affect you? More tax please! The government has made no secret about needing to tighten its purse strings, but it’s more cagey about the other side of the...
Date: 20th April 2017 | Post by: HaesCooper | Category: Budget News, Company Tax Updates & Information, HMRC Updates
1. Savings, Personal Tax, National Insurance and Pensions. 1.1 A new Personal Savings Allowance The government will introduce an allowance from 6 April 2016 to remove tax on up to £1000 of savings income for basic rate taxpayers and up to £500 for higher rate tax payers. Additional rate taxpayers...
Date: 20th April 2017 | Post by: HaesCooper | Category: Company Tax Updates & Information, HMRC Updates
For years there was only one, potentially fiddly, method to work out the amount of VAT reclaimable where partial exemption applies. However, two alternative tests could make your life easier. How do they work? Partial exemption changes The world of tax doesn’t stand still for long, yet the rules...