The new tax year brings changes to income tax bands and allowances.   The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction…

MTD For VAT HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the new…

Reporting Benefits In Kind - Forms P11D The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019,…

HMRC Advice - Prepare For No Deal HMRC is urging business owners to make sure they are ready for a potential no deal Brexit. Business owners are being urged to…

Start Date Looming For Making Tax Digital For VAT The Financial Secretary to the Treasury, Mel Stride, has made a statement to the House of Commons setting out HMRC's progress…

Tax Efficient Investments Ahead Of The Tax Year End With the end of the tax year looming there is still time to save tax for 2018/19. Make full use of…

Businesses Urged To Prepare For Post-Brexit Customs Declarations HMRC is urging VAT-registered UK businesses which trade exclusively with the EU to be prepared for a no deal Brexit. In a…

MTD For VAT - Pilot Extended To All Eligible Businesses HMRC has extended its Making Tax Digital for VAT (MTDfV) pilot scheme to all eligible businesses. For most businesses, compliance…

Spring Statement Date Announced The Chancellor of the Exchequer, Philip Hammond, has announced that the government will respond to the forecast from the Office for Budget Responsibility (OBR) in the…

January NewsletterETL Global UK's January Newsletter is now available. This months edition includes information on Making Tax Digital for VAT, Pensions contribution and the increased rates from April 2019, the…