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Furlough – Waiting for the portal to open

16 April: It seems the vast majority of businesses are having to furlough at least some of their employees and all of them are waiting for HMRC’s new portal to open on 20 April. Statistics It is estimated that there are more than 30 million workers in the UK, of which about 25 million are… Read More

5 reasons to protect yourself from an HMRC enquiry

In the UK we live in an environment whereby the taxpayer is responsible for their own tax liability. HMRC opens investigations to see if the taxpayer has paid the right amount of tax on a random or selective basis. All this helps the government fill its ever expanding public finance black hole. Dealing with HMRC… Read More

MTD for VAT – All is not lost if you forgot to sign up

All is not lost if you forgot to sign up by 31 July. If you did try to register by the 14th of August you will have received the following message from HMRC: “You must come back later to sign up. We’re unable to sign you up for Making Tax Digital for VAT at present. This… Read More

National Minimum and Living Wage rates from October 2016

New rates for the National Minimum Wage and the National Living Wage were introduced with effect from 1 October 2016 Full details can be found on the HMRC website  Year 25 and over 21 to 24 18 to 20 Under 18 Apprentice October 2016 (current rate) £7.20 £6.95 £5.55 £4.00 £3.40   For a full… Read More

The new dividend tax from April 2016 – How will it impact you?

Back in July 2015 in the post election Budget the Chancellor announced a huge change to the way dividends will be taxed. Having an £8k salary and taking the rest as dividends has become the norm for many director shareholders, thereby avoiding the employer’s and employee’s NIC on the salaries they might otherwise have taken…. Read More

March 2015 Budget: Brian Jukes’ view

This was probably the most political Budget I have ever had the pleasure of sitting through. The Chancellor used it as an opportunity to announce every possible piece of good news and target accomplishments that he could, some of which were achieved via the clever interpretation of statistics or the use of new ways of… Read More

March 2015 Budget: The end of Tax Returns?

The headlines following the Budget indicated that “end of year tax returns will be scrapped” and “tax returns will become a thing of the past.” So what is being proposed instead?  Individuals and business will have a digital tax account. All the information for a taxpayer will be held in one place. A business will… Read More

2015 Budget: Our live Linkedin and Twitter Budget feed

Abolishing the annual tax return for self employed. Revolutionary digital tax accounts from next year. The rise of The Cloud, real time tax information and monthly tax bills for small businesses and the self employed “via BBC” – George Osborne says the threshold at which people pay the higher tax rate is rising above inflation,… Read More

5 Reasons why Dafferns should file your 2015 tax return

Asking Dafferns to complete your tax return will be money well spent…and the savings made often far outweigh the modest cost of having the return completed professionally. The UK tax system is hugely complicated and convoluted. If you are a higher rate tax payer and you fill in your own tax return, the chances are… Read More

5 good reasons why Dafferns should do your tax return

Doing your own tax return can be a time consuming exercise. Tax is complicated and people worry about their tax affairs. We also notice that there are now more tax enquiries being carried out by HM Revenue and Customs. The private client team at Dafferns will prepare everything you need and will submit your tax… Read More