Making Tax Digital

Making Tax Digital ( MTD ) will come into force for all VAT registered businesses with turnover above £85,000 with effect from the start of the first VAT return period commencing 1st April 2019 onwards.

From this date, the Government Gateway will be disabled, and no VAT returns will be able to be submitted to HMRC via the Gateway. Every VAT return must then be submitted by MTD compliant software. Currently around 85% of all VAT returns are submitted via the Gateway, and therefore the new legislation will affect a significant number of our own clients.

We have notified all clients already about MTD by way of a newsletter, and we are running in house seminars on MTD for any client who would like more information.

We still have spaces available on our seminars to be held on Wednesday 10th October at 8:00am, and also on Monday 15th October at 5:00pm. If you would like to attend one of these seminars ( which should last no longer than 60 minutes ), then please contact Laura in our offices as soon as possible.

June 2018 Fuel Advisory Rates

HMRC announced new fuel advisory rates in June, which apply to all journeys on or after 1st June 2018. For 1 month from the date of change, you may use either the new rates or the old rates.

Hybrid cars for this purpose are treated as either petrol or diesel, depending upon the type of fuel they use.

These same rates can be used for VAT purposes, but the employer must retain adequate VAT receipts to cover the input tax claim.

The rates are :

Petrol      :  1,400cc or less 11p; 1,401cc to 2,000cc 14p; over 2,000cc 22p.

LPG        :   1,400cc or less  7p; 1,401cc to 2,000cc  9p;  over 2,000cc 14p.

Diesel     :   1,600cc or less 10p; 1,601cc to 2,000cc 11p; over 2,000cc 13p.

New Website

Welcome to our new website. This has taken a little time before we could release it live, so if it has created any problems for you, then we can only apologise.

The new style if fresher and more current.

We hope you like it.