Latest News

Spanish holiday home owners cautioned over post-Brexit tax impact
4 November 2019 - posted by: Prowting & Partners Accountants in Bristol

With the UK currently set to leave the EU by the end of January 2020, anyone who owns a Spanish holiday home needs to be prepared for the impact of Brexit on taxation. Spanish tax law makes specific provision for … Read more »

Grant scheme opportunities for electric vehicle charging infrastructure at work
4 November 2019 - posted by: Prowting & Partners Accountants in Bristol

With the projected growth of electric car ownership in coming years, the Government is offering grants to support businesses who introduce charging infrastructure at their place of work. Provided by the Office of Low Emission Vehicles (OLEV), the Workplace Charging … Read more »

Countdown to the 31 January Self-Assessment Tax Return deadline begins
4 November 2019 - posted by: Prowting & Partners Accountants in Bristol

Fewer than 100 days now remain until the 31 January 2020 deadline for the online submission of Self-Assessment Tax Returns. Self-Assessment Tax Returns must be completed in respect of most income that has not been subject to PAYE. This includes … Read more »

Renovated homes that have been empty for two years can qualify for a reduced rate of VAT
24 October 2019 - posted by: Prowting & Partners Accountants in Bristol

Although a key VAT-saving measure for listed dwellings was abolished in October 2012, there are still circumstances in which a renovation project can be subject to a reduced rate of VAT of five per cent. There are two circumstances in … Read more »

Wages rise at the fastest rate in a decade
24 October 2019 - posted by: Prowting & Partners Accountants in Bristol

According to the Office for National Statistics (ONS), averages wages in the UK are growing at their fastest rate since 2008. The ONS has revealed that average earnings, including bonuses, grew by four per cent in the four months between … Read more »

HM Revenue & Customs has started carrying out PAYE tax investigations remotely
24 October 2019 - posted by: Prowting & Partners Accountants in Bristol

It has been reported that HM Revenue & Customs (HMRC) has begun carrying out PAYE investigations remotely. The investigation begins with a phone call, inviting the employer to complete a survey sent by email. There is a concern amongst accountants … Read more »

25,000 companies receive penalties for the late filing of accounts in just one month
24 October 2019 - posted by: Prowting & Partners Accountants in Bristol

The latest data from Companies House shows that thousands of penalties were handed out for the late filing of company accounts, with more than 25,000 companies missing a deadline on 30 September. This date marks a common deadline for companies, … Read more »

Non-VAT-registered businesses need EORI number to trade with EU customers and suppliers post-Brexit
24 October 2019 - posted by: Prowting & Partners Accountants in Bristol

Any business that is VAT-registered and currently trades with the EU will have automatically been issued with an EORI number allowing it to trade with customers and suppliers in EU member states following the UK’s withdrawal from the EU. However, … Read more »

New figures show a sharp increase in Inheritance Tax (IHT) receipts
24 October 2019 - posted by: Prowting & Partners Accountants in Bristol

New figures published by HM Revenue & Customs (HMRC) have revealed a significant increase in the number and value of Inheritance Tax (IHT) receipts. The figures, which relate to the 2016/17 tax year, show a 15 per cent increase in … Read more »

Overseas employees potentially face double NICs liability following a no-deal Brexit
24 October 2019 - posted by: Prowting & Partners Accountants in Bristol

Employees working overseas on secondment could face paying twice as much in National Insurance Contributions in the event of a no-deal Brexit, HM Revenue & Customs (HMRC) has warned. If the UK leaves the EU without a withdrawal agreement then … Read more »

Latest News

Budget 2020

Budget summary When Philip Hammond …
Read more

READ MORE NEWS