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Millions of people have not checked their online tax accounts for errors
6 April 2018 - posted by: Prowting & Partners Accountants in Bristol

Millions of people from across the UK could be paying more tax than they need to, it has emerged, after figures from HM Revenue & Customs (HMRC) showed that more than 15 million individuals have not checked their Personal Tax … Read more »

Late payments in the spotlight after Carillion collapse
6 April 2018 - posted by: Prowting & Partners Accountants in Bristol

Small businesses in the UK have long been scourged by late payments, but the problem was brought into sharp focus earlier this year following the collapse of construction giant, Carillion, emphasising the importance of careful credit control. According to the … Read more »

Quarterly digital reporting to HM Revenue & Customs opens to self-employed individuals
6 April 2018 - posted by: Prowting & Partners Accountants in Bristol

Since March this year, self-employed individuals have had the option of reporting their income digitally to HM Revenue & Customs (HMRC) as part of a pilot of the Government’s Making Tax Digital (MTD) programme. The Government has long had the … Read more »

HMRC takes new steps to tackle online VAT fraud
6 April 2018 - posted by: Prowting & Partners Accountants in Bristol

HM Revenue & Customs (HMRC) has been granted new powers to help combat online VAT fraud conducted on digital marketplaces. Originally outlined by the Chancellor in the 2017 Autumn Budget, the new powers – known by the term ‘joint-and-several liability’ … Read more »

Are you one of the 90 per cent of businesses that are unprepared for GDPR?
6 April 2018 - posted by: Prowting & Partners Accountants in Bristol

With less than 60 days left until the deadline for compliance with the General Data Protection Regulation (GDPR), more than 90 per cent of UK small businesses admit they are not yet fully ready. In fact, a poll conducted by … Read more »

Government extends childcare voucher scheme for additional six months
6 April 2018 - posted by: Prowting & Partners Accountants in Bristol

Working parents across the UK will be delighted to hear that the Government has agreed to a six-month extension of the childcare voucher scheme. It has been estimated that around 80 per cent of working parents may be better off … Read more »

Spring Statement 2018
13 March 2018 - posted by: Prowting & Partners Accountants in Bristol

By the time Chancellor Phillip Hammond rose to his feet in the House of Commons to deliver the first Spring Statement, he had already offered plenty of hints that this would be a low-key affair. Gone was the primetime Wednesday … Read more »

Self-employed workers may miss out on mortgages due to changes in delivery of SA302 forms
19 September 2017 - posted by: Prowting & Partners Accountants in Bristol

Self-employed workers in the UK have reported their struggles to acquire a mortgage, after HM Revenue & Customs (HMRC) changed the way it issues details of tax calculations and tax year overviews for submission with mortgage applications. Until recently accountants … Read more »

Revenue’s crackdown on VAT evaders yields £3.4 billion from small and medium firms
19 September 2017 - posted by: Prowting & Partners Accountants in Bristol

New analysis of HM Revenue & Customs’ (HMRC’s) data has revealed that the department collected an additional £3.4 billion from small and medium-sized businesses in the tax year to April 2017. Investigations in the 2016/17 tax year by HMRC’s compliance … Read more »

HMRC launches new online forum to give small business owners direct tax advice
19 September 2017 - posted by: Prowting & Partners Accountants in Bristol

A new online forum has been launched by HM Revenue & Customs (HMRC) which has been designed to help company owners resolve simple issues related to starting and growing a company. The new website provides a message board, discussions and … Read more »

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