Committee Warns Small Businesses 'Could Pay Heavy Price' For MTD The Economic Affairs Committee has warned HMRC that small businesses 'could pay a heavy price' for Making Tax Digital for VAT…
Leaving The EU With No Deal The government has published a collection of documents in preparation for the scenario of the UK leaving the EU without a Withdrawal Agreement a…
180,500 New Homeowners Benefit From Stamp Duty Tax Relief According to statistics published by HMRC more than 180,500 first-time buyers have benefitted from First Time Buyers Relief (FTBR). The relief…
Tax-Free Gifts To Employees Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise…
Advisory Fuel Rates For Company Cars New company car advisory fuel rates have been published which took effect from 1 December 2018. The guidance states: 'You can use the previous rates…
Phishing Tax Refund Email Targets University Students HMRC has warned that university students are being bombarded with fake tax refund emails. The scammers have targeted university students in an attempt…
Inheritance Tax Review By Office Of Tax Simplification The Office of Tax Simplification (OTS) has published the first of two reports on inheritance tax.The first report sets out an explanation…
November NewsletterGW Cox & Co's November Newsletter is now available. This months edition includes information implementing Making Tax Digital for VAT, which comes into effect in April 2019. We will also…
Capital Allowances Changes A number of changes to capital allowances were announced at the Budget, including an increase in the Annual Investment Allowance (AIA), for two years to £1 million,…
Entrepreneurs' Relief Changes The government announced, as part of the Budget, that some changes are being made to the rules for Entrepreneurs' Relief (ER) with immediate effect for disposals on…
Making Tax Digital For VAT HMRC has opened the Making Tax Digital for VAT (MTDfV) public pilot. However certain VAT-registered businesses (around 3.5% according to HMRC) with more complex requirements…
New Guidance For Employers down: File Your Tax Return HMRC has issued the October 2018 Employer Bulletin which contains a number of articles relevant to employers on payroll related issues.The…
HMRC Countdown: File Your Tax Return With less than 100 days until the self assessment tax return deadline of 31 January 2019, HMRC is urging taxpayers to complete their tax…
Further Contingency Planning Guidance On A 'No Deal Brexit' HMRC has issued a Partnership Pack to help businesses carry out contingency planning and to help their customers, members and clients…
Welcome to the November edition of The Budget 2018 - Key points Income Tax Personal Allowance increases to £12,500 from April 2019 Income Tax Higher Rate Threshold increases to £50,000…
October NewsletterGW Cox & Co's October Newsletter is now available. This months edition includes information on underpayments that have been identified for workers on the minimum wage, self-employed class 2 national…
TOP TIPS FOR YOUR PUB GW Cox & Co have over 80 years experience in the licensed trade providing accounting & comprehensive business support to people working in the licensed…
UK Budget Date Announced The Chancellor of the Exchequer, Philip Hammond, has announced that the Budget will take place on Monday 29 October.Breaking with the tradition of a Wednesday in…
'No Deal' Brexit Guidance And Small Business Survey Following the issue of some 'no deal' Brexit technical notices, in August, the government has issued further notices with the aim of…
Deadline For 'Paper' Self Assessment Tax Returns For those individuals who have previously submitted 'paper' self assessment tax returns the deadline for the 2017/18 return is 31 October 2018. Returns…