Aug 17 – Making Tax Digital

Making Tax Digital (MTD) is a project to transform the UK tax system so that accounting data flows into HMRC digitally and at least quarterly. The General Election created a temporary pause in MTD, but it is clear that the project will continue as HMRC ...
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Aug 17 – Tax Changes That Didn’t Happen

The snap General Election curtailed the Parliamentary time available to pass new laws. As a result, a number of tax changes which were expected to come into effect on 1 April or 6 April 2017 did not become law, including: New Allowances Two new allowances ...
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Aug 17 – VAT and Contracts with Three Parties

VAT can often get very complicated when there are three parties involved in a transaction. To clarify who must account for what VAT, it is essential to identify who is the principal, who is the agent and who is the customer. Identifying the customer is ...
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Aug 17 – Simple Assessments

When your state pension is larger than your personal allowance, you will have a small amount of tax to pay for the year. To collect this tax HMRC need to ask you to complete a tax return, and ‘self-assess’ the tax due. This appears to ...
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Jul 17 – VAT Payments and Surcharges

If you don’t pay all the VAT you owe on time, HMRC will eventually send you a surcharge calculated as a percentage of the unpaid VAT. This surcharge is not interest, and doesn’t relate to length of the delay for the payment, just the amount ...
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Jul 17 – Tax Schemes that Trap Contractors

Individuals working on fixed-rate contracts are eager to reduce their costs, including tax deductions. They may be tempted to take part in tax schemes which promise to cut their tax bills. These are two tax schemes that are sold to contractors, which in reality save ...
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Jul 17 – Public Sector Contracts

When you work as a contractor through your own personal company, you will be aware of the IR35 rules, which have been around since April 2000. If you contract for a public sector body (PSB) you should be aware that the application of the IR35 ...
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Jul 17 – Claim back SDLT

If you bought a house or flat after 1 April 2016, you may have paid a stamp duty land tax (SDLT) supplement of 3% on the entire value. This supplement is generally not due when you replace your main home, even if you end up ...
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Jul 17 – A Bright Idea for Clarke Nicklin

Clarke Nicklin are not your ordinary accountants, aside from being award winning business and financial advisors, they are also well known for putting on a range of business events in the Stockport borough. Most notably, they set up Stockport Business Awards back in 2012 and ...
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Jun 17 – Stockport Business Awards 2017 Shortlist

The shortlist has been announced for Stockport Business Awards 2017. The awards, now in their 6th year, were set up by Clarke Nicklin Chartered Accountants back in 2012 to recognise and reward business excellence in the town. Judging took place at headline sponsor Orbit Development’s ...
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Jun 17 – Plan to be Strong and Flexible

Confucius said; ‘The green reed which bends in the wind is stronger than the mighty oak which breaks in a storm’. We can help your business be that green reed, which reacts quickly and flexibly to changing commercial conditions, and to new regulations. We know ...
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May 17 – New Sponsor For Stockport Business Awards

Stockport Business Awards are now in their 6th year, bigger and better than ever the awards celebrate business success in the borough and are now established as one of the best nights in the Stockport Business calendar. The awards have always been supported by local ...
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