Business News

MTD for VAT – relaxation on posting supplier statements

Posted on 17 Jun, 2019

HM Revenue & Customs (HMRC) has updated its VAT notice regarding Making Tax Digital (MTD) for VAT to relax several of the digital recordkeeping requirements. One of the changes, secured with the help of the

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Government confirms that HMRC will get a higher priority when firms go bust

Posted on 17 Jun, 2019

From April next year, HM Revenue & Customs (HMRC) will become a secondary preferential creditor and rank third just after secured creditors, such as banks, and ordinary preferential creditors (employee claims for wages and holiday),

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Partner at Milsted Langdon takes home trophy at Successful Women in Business Awards

Posted on 17 Jun, 2019

Judges at this year’s Successful Women in Business Awards have announced Gill Freeman, one of our general practice partners, as the winner of the Professional Services category. Gill, who is Head of our Charity and

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Average UK house price rises by £3,500 following Brexit delay

Posted on 23 May, 2019

According to new research by online estate agents, Rightmove, house prices in the UK rose last month following the announcement that Brexit would be delayed until 31 October 2019. The report says that hesitant home

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The VAT Reverse Charge: The clock is ticking

Posted on 20 May, 2019

The new VAT domestic reverse charge regime for the construction industry will come into force on 1 October 2019. The reverse charge mechanism will place the responsibility on a contractor to account for the VAT

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Registering for Making Tax Digital for VAT takes seven days, warns HM Revenue & Customs

Posted on 20 May, 2019

HM Revenue & Customs (HMRC) has warned businesses across the UK that the registration process for Making Tax Digital (MTD) for VAT can take seven working days. This means that VAT-registered businesses turning over £85,000

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Beware the Employer Compliance Check Questionnaire

Posted on 20 May, 2019

HM Revenue & Customs (HMRC) is understood to be sending out “Employer Compliance Check Questionnaires” without notifying agents, which could land businesses in trouble if the wrong information is provided. The questionnaires are understood to

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Couples can pass on up to £950,000 tax-free in 2019-20

Posted on 20 May, 2019

As of 6 April, direct descendants can inherit up to £950,000 completely free of income tax from their parents or grandparents thanks to increases in the residence nil-rate band. This tax-free allowance on inherited property

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The Mini One Stop Shop (MOSS) and Brexit – what you need to know

Posted on 20 May, 2019

MOSS is a simplification measure available to businesses supplying digital services throughout the EU. It allows a business to register and pay VAT to just one Tax Authority (e.g. HMRC), rather than having to register

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Businesses get to grips with new employment costs

Posted on 18 Apr, 2019

Employers across the UK have started April with a sudden increase in employment costs following a rise in workplace pension contributions and minimum wage costs. Minimum contributions for workplace pensions have risen to eight per

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