by Stapletons | Jan 6, 2020 | Tax
Completing your 2018/19 online tax return through self-assessment may not have been your top priority over Christmas, but time is running out.
by Stapletons | Nov 4, 2019 | Tax, Running a business
Anyone who is involved with running a limited company will know corporation tax as a levy on company profits made in a tax year. Corporation tax is deducted at a flat rate of 19% in 2019/20 and last year it netted the Treasury £55.1 billion – up 2% on the...
by Stapletons | Oct 3, 2019 | Tax, Personal finances
Self-assessment season always kicks off at Stapletons as soon as the new tax year gets under way on 6 April. While it’s our preference to sort tax returns for our clients as early as possible, a raft of relevant self-assessment deadlines are almost upon us. This...
by Stapletons | Sep 9, 2019 | Government announcements, Running a business, Tax
Reverse charge VAT delayed Reverse charge VAT for construction services is scheduled to come in from 1 October 2020. This was originally planned to come in 12 months’ earlier, and just six months after MTD for VAT. The new measure will apply to any work that...
by Stapletons | Aug 5, 2019 | Tax, Personal finances
Only around 5% of estates in the UK are liable for inheritance tax before being distributed to any beneficiaries or causes. That may sound like very few, but it should have been a key consideration for around 24,500 estates that had it deducted in 2015/16. Those...
by Stapletons | Jul 3, 2019 | Tax, Running a business
Remember Making Tax Digital (MTD) – the Government’s flagship scheme to modernise tax collection on behalf of the Treasury? It’s hard to believe three months have passed since the scheme came into force for VAT-registered businesses with annual taxable turnover of...
