Blog

  • Is a HMRC Business Tax Account compulsory for businesses within MTD?
    14th June 2018

    Is a HMRC Business Tax Account compulsory for businesses within MTD?

    Many businesses do not access, and may not even be registered for their HMRC Business Tax Account (‘BTA’), as most of information is being dealt with or sought from their tax agents. The Institute of Chartered Accountants in England & Wales (ICAEW) has been made aware that for a business within MTD, specific transactions which the client will have to complete will require access to its BTA.
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  • Accounts year end - what does it mean?
    11th June 2018

    Accounts year end - what does it mean?

    As your business ‘year end’ approaches, especially if it’s your first, it can be confusing as to what this actually means, and what happens once your accountant has received your paperwork for the year. A business’ year end can be any date, and may depend on when your business started trading. Sole traders, partnerships and limited companies have differing rules around year end, which I won’t go into here but instead focus on the year end process itself.
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  • What should I know about transfer pricing?
    4th June 2018

    What should I know about transfer pricing?

    The UK has had transfer pricing legislation since 1915 but the legislation and documentation requirements became considerably more wide reaching and onerous with the introduction of Corporation Tax Self Assessment in 1999.
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  • What are the tax implications of growing your business?
    1st June 2018

    What are the tax implications of growing your business?

    Business tax manager Andrew Scott answers some of the key questions around tax and your business.
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  • Has Making Tax Digital (MTD) finally arrived?
    23rd May 2018

    Has Making Tax Digital (MTD) finally arrived?

    There have been a lot of changes to HM Revenue & Customs’ scheme to make everyone digitally report their tax liabilities since it was first mooted three years ago. Fortunately, in most cases, HMRC have listened to reason and have not introduced it in its most draconian form (yet). But to all intents and purposes, it is here. Making Tax Digital (MTD).
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