Free software for MTD

The terms of the software development agreement – that will drive the collaboration between developers and HMRC were published today. Here. The closing comments of the document caught my attention, they say: Eligibility for free software will apply where the business meets all these conditions: they’re unincorporated (for example self-employed persons or landlords) they have… Continue reading Free software for MTD announcements

OTS recommend simplifying corporation tax compliance

The long awaited OTS review of corporation tax has been published. Wide ranging reforms recommended, including: Small companies For the very smallest companies, to use the accounting profit prepared under accounting standard FRS105 as the taxable profit without any adjustments. For slightly larger companies, the proposal is that companies should only need to consider a… Continue reading OTS recommend simplifying corporation tax compliance announcements

The Queen’s speech

The Queen’s speech yesterday did not seem to include much about fiscal policy making. In the published “What it means for you” policy document, section 2.5 headed, National Insurance Contributions Bill says: The Bill will legislate for National Insurance contributions (NICs) changes announced at previous fiscal events (Budget 2016 and Autumn Statement 2016). This, presumably, would… Continue reading The Queen’s speech announcements

Criminal Finances Act 2017 – are you prepared?

My good friend, David Winch, has posted an authoritative update on the changes that practitioners should be considering following the admission to the statute books, of the Criminal Finances Act 2017. The goal posted have well and truly shifted and firms will need to consider the tax advice given by their staff and principals with… Continue reading Criminal Finances Act 2017 – are you prepared? announcements

Do we really think MTD is off the table?

I wrote the following article for Informanagement recently. A discussion of the likelihood that MTD is permanently shelved. National events It’s not often that national events impact the work of a tax advisor, with the exception, of course, of the annual changes imposed by the Finance Bill. But now, we do have an additional event… Continue reading Do we really think MTD is off the table? announcements

Driving test changes from 4 December 2017

Driving instructors will need to accommodate changes to the driving test later this year. The Driver & Vehicles Standard Agency have issued the following press release: The driving test will change from Monday 4 December 2017 to include following directions from a sat nav and testing different manoeuvres. The Driver and Vehicle Standards Agency (DVSA) has… Continue reading Driving test changes from 4 December 2017