Apple Accounting Services Ltd

Apple Accounting Services Ltd

Category: Content
Type: Blog Article

Generated 2 weeks ago

New blog articles detected

  • Spring Budget 2017

    Various rumours were swirling around Westminster in the days before Philip Hammond rose to deliver his first Budget – confirmed as the last time a major fiscal statement will be made in the spring. The Chancellor, still scarcely nine months … Continue reading →

  • £30K tax-free redundancy payments set to be abolished

    Payments in Lieu of Notice (PILON), one aspect of a typical redundancy payment, alongside compensation for loss of employment, is set to lose its tax-free exemption, which currently applies to payments of up to £30,000, where it is not a … Continue reading →

  • Reporting company car expenses and fuel

    If you provide cars to your employees for their own private use, you will need to report this to HM Revenue & Customs (HMRC) using form P11D at the end of the tax year. The value you will need to … Continue reading →

  • One in five micro-businesses unaware of Making Tax Digital, research shows

    Research published by FreeAgent has found that a fifth of the smallest business are unaware of Making Tax Digital (MTD) – HM Revenue & Customs’ (HMRC) flagship policy, which will introduce quarterly electronic reporting for most businesses. The FreeAgent survey … Continue reading →

  • Business rates are a “ticking time bomb”

    In April 2017, businesses are expecting to receive the first indication of their new business rates following the latest revaluation. Although many businesses are expecting small falls in business rates, around a third are expecting very sharp rises. Around a … Continue reading →

  • Reminder: Payroll changes ahead

    From 1 April 2017, the statutory wage for employees in the UK is to increase. The change will mean that those aged 25 and over in receipt of the National Living Wage will see their hourly rate increase from £7.20 … Continue reading →

  • New late payment regulations to come into force

    On 6 April 2017 new rules will come into force that will require Limited Liability Partnerships (LLPs) and medium and large companies to publish reports on their payment practices. The Limited Liability Partnerships (Reporting on Payment Practices and Performance) Regulations 2017 and The … Continue reading →

Apple Accounting Services Ltd

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Don’t miss out on grandparents’ pension boost

    A request under the Freedom of Information Act has revealed that just 1,300 people have claimed National Insurance (NI) credits, which can help them ensure their entitlement to the full state pension when they reach retirement age, if they have … Continue reading →

  • Businesses encouraged to cash-in older currency

    From 5 May 2017, the old paper £5 note will no longer be legal tender and may not be accepted in shops and could be refused by banks. After this date retailers and banks need only accept or swap old … Continue reading →

  • Do you know the rules on claiming capital allowances on cars?

    If you buy and use cars in your business, you can claim capital allowances on their value, allowing you to deduct part of the value from your pre-tax profits using writing down allowances. The amount that you can deduct depends … Continue reading →

  • Small businesses used to plug tax gap

    HM Revenue & Customs (HMRC) has been accused of using small and medium-sized businesses to plug the UK’s tax gap, following a report which showed an additional £468 million was generated in tax revenue by SMEs in 2016. The figure, … Continue reading →

  • Small firms to be helped with bank switching

    The UK’s large army of small businesses will soon be able to switch their accounts between banks more easily, following changes to bank competition rules. The Bacs Payment Scheme, the organisation responsible for the majority of the UK’s automated payments, … Continue reading →

  • HMRC publishes long-awaited responses to Making Tax Digital consultations

    The Government’s long-awaited responses to six consultations about Making Tax Digital (MTD) which were originally opened in August 2016 were published at the end of January. Despite ongoing criticisms regarding the proposed short MTD timescale, HM Revenue & Customs (HMRC) … Continue reading →

Apple Accounting Services Ltd

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Stamp Duty Land Tax receipts hit record levels

    Figures released by HM Revenue & Customs (HMRC) last month revealed a record Stamp Duty Land Tax (SDLT) take of £7.7bn in the first eight months of this financial year. The figure represents a 12 per cent increase on the … Continue reading →

  • Economic growth looks set to slow

    Research by the British Chambers of Commerce (BCC) has revealed that economic growth across the whole of the UK is likely to continue to slowdown during 2017 and 2018. The BCC analysis of the state of the current economy and … Continue reading →

  • If you miss the self-assessment deadline, what will your excuse be?

    The deadline for self-assessment tax returns is looming on 31 January. If you have not yet submitted your tax return or provided us with all the information needed to do so for you, it is crucial that you let us … Continue reading →

  • UK property taxes are highest in developed world, says OECD

    New analysis from the Organisation for Economic Co-operation and Development (OECD) has revealed that property taxes in the UK are higher than any other developed country. In 2014, the latest year for which data is available, property taxes accounted for … Continue reading →

  • 4.4 million extra people saving into workplace pensions

    The latest figures from the Department for Work and Pensions (DWP) show that since 2012, the number of people saving into a workplace pension has increased by 4.4 million. This means that by 2015 – the latest date for which … Continue reading →

  • IHT: Don’t forget to transfer any unused nil rate band

    The rules around inheritance tax (IHT) allow spouses or civil partners to transfer any unused nil rate band to the surviving spouse or civil partner, following his or her death. This means that a person’s estate can benefit from twice … Continue reading →

  • Goodbye to the Autumn Statement

    The most significant announcement at last month’s Autumn Statement was possibly the announcement that this would be the last Autumn Statement. Leading professionals have long made the case for a move to a single fiscal event and this was referenced … Continue reading →

  • Reminder: Inheritance Tax nil-rate band on main residence to go up in the new year

    A new additional nil-rate band of £100,000 for inheritance tax on main residences, when bequeathed to a direct descendent, is set to come into effect from April 2017. In 2018, 2019 and 2020, this will rise to £125,000, £150,000 and … Continue reading →

  • Tax avoidance clampdown aims to raise extra £2bn by 2022

    During the last few Budgets and Autumn Statements the government has made moves to prevent tax avoidance and evasion – and the latest fiscal event was no different. During this year’s Autumn Statement the Chancellor Philip Hammond announced a number … Continue reading →

  • Treasury coffers boosted by around £400m following HMRC crackdown

    The Treasury’s coffers were boosted by nearly £400m in 2016, following a crackdown by HM Revenue & Customs (HMRC) on tax avoidance. The amount collected by the HMRC Counter Avoidance Directorate shot up by 80 per cent last year from … Continue reading →

Apple Accounting Services Ltd

Category: Content
Type: Blog Article

Generated 6 months ago

New blog articles detected

  • Reminder: Flat-rate expense agreements

    Workers in a number of different sectors are often obliged to spend small amounts each year maintaining or replacing tools and special clothing, which are deemed necessary for them to carry out their employment duties. In order to provide support … Continue reading →

  • More than one in five insolvencies the result of late payments

    A new report from insolvency trade body R3 has revealed the damage done to small firms by customers making late payments for goods and services. According to their most recent survey of the insolvency profession, late payment was the primary … Continue reading →

  • Businesses brush off Brexit fallout

    Almost half of Britain’s business owners do not think Brexit will have an impact on their company, according to a new study from delivery service CitySprint. Surprisingly a fifth of those questioned also said they wanted the government to immediately … Continue reading →

  • Revenue sets out first plans for Making Tax Digital

    In August HM Revenue & Customs (HMRC) issued the first wave of consultation documents on its Making Tax Digital (MTD) initiative. This first wave of consultation documents set out the Revenue’s plans for the implementation of MTD for the smallest … Continue reading →

  • Revenue gets tough on salary sacrifice schemes

    The previous Chancellor announced at the Budget in March 2016 that the government would consider restricting the range of Benefits in Kind (BiKs) that are exempt from Income Tax and National Insurance. In August, HM Revenue & Customs (HMRC) launched … Continue reading →

  • Changes to non-dom rules in the pipeline

    As part of a raft of recently launched consultations, the government has unveiled its latest plans for the changes to non-dom status announced by the previous Chancellor in his 2015 Budget. Under the plans, non-doms who are deemed to be … Continue reading →

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