We hope you enjoyed the festive season! Now, it is January and that time when many of us review our busy lives and think about what we want to accomplish personally or in our business during the next 12 months. With this in mind, in the latest issue of our regular newsletter Strength in Numbers we have produced a series of articles and timely news which we hope will be useful to you as you plan the year ahead.
Final reminder: Making Tax Digital…
Firstly, we want to remind you that there is limited time to prepare for the first phase of Making Tax Digital which begins with a new regime for VAT reporting from 1 April 2019. Under the new rules, businesses and charities must keep their VAT records digitally and submit their VAT return to HMRC through Making Tax Digital compatible software. VAT partner, Alison Birch addresses the main queries businesses have on the new rules on page 19.
Also in this edition…
In last Autumn’s Budget, the Chancellor of the Exchequer made changes to Entrepreneur’s Relief, which could significantly affect an employee’s capital gains tax status. We discuss the particular impact on Enterprise Management Incentives. Tax partner Tim Adcock has written a guide to self assessment tax returns and VAT partner Alison Birch explains when the VAT zero-rating can be applied to the construction of a building.
We also have a detailed article on creative industry tax relief and how SMEs within this sector can benefit from the tax relief available, written by tax manager Phil Hartley.
Alongside tax, our other specialist services have also contributed articles to this edition. Richard Gorst, director of insurance, has drafted a handy Q&A to assist in conducting a business insurance review, Julie Webster, corporate recovery and insolvency associate, comments on the Government’s plans to introduce tougher insolvency laws and there is a reminder for employers about itemised payslips from our payroll team.
Finally, there is an update on the latest news from Mitchell Charlesworth, including our fundraising activity over the past year, forthcoming events and the launch of the 2019 Merseyside Innovation Awards, of which we are a proud sponsor.
We hope you find the articles in this issue interesting and of practical use. If you would like to discuss any of the items in this newsletter or need advice on general financial, taxation and business matters, please contact your local Mitchell Charlesworth office.
January 31st is the deadline for those who need to submit a self assessment tax return. Mitchell Charlesworth’s tax experts
Since the introduction of The Payment of Wages Act 1991, the payslips provided to an employee* by an employer are
The construction of a property can be expensive…even more so if VAT is added to the price. However the construction
The government have recently announced that £879m in tax relief was provided to firms in the creative industries sector for
The use of the Enterprise Management Incentive ‘EMI’ scheme can help small growing companies acquire and retain employees. The scheme
Alison Birch, VAT partner at Mitchell Charlesworth, reminds businesses that the Government’s new rules around Making Tax Digital come into
January 2019 1 – Due date for payment of corporation tax for period ended 31 March 2018 14 – Due
Entries for 2019 Merseyside Innovation Awards now open Entering its 23rd year, the Merseyside Innovation Awards (MIA) are now open
The Court of Appeal has dismissed Adecco’s appeal that its supply in relation to the provision of ‘non-employed’ temps is
After the busy festive period, the start of a new year can feel like an opportunity for a fresh start
Copyright © 2023 mitchell charlesworth. All Rights Reserved.
