Common FAQ’s about Making Tax Digital

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Making Tax Digital – What does it mean for your business? If you are VAT registered then you will need to start to keep a digital record  (i.e. use software to record all your VAT invoices and receipts). If you are not VAT registered then digital record keeping is optional. If you are VAT registered and do not currently use … Read More

NEW advisory fuel rates from December

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New advisory fuel rates from December HMRC has released its latest advisory fuel rates (AFRs), to come into force from December 1. There are no changes to the rates for petrol cars, but the rate for diesel cars, with an engine above 2,000cc, increases by 1p per mile (ppm), from 13-14ppm. All other diesel rates remain unchanged. There is also … Read More

HMRC send out making tax digital letters

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Have you received a letter from HMRC about Making Tax Digital? If so, you’re not alone. About 200,000 HMRC Making Tax Digital letters have been issued to businesses to let them know about the new service and how VAT record keeping and the way that VAT returns are submitted will change from April 2019. HMRC has sent the first 20,000 … Read More

Making Tax Digital-Are you ready?

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Making Tax Digital – Are you ready? With the ever looming deadline approaching, 1 April 2019, VAT-registered businesses in the UK will need to submit their VAT returns using “functional compatible software”, as part of HMRC’s Making Tax Digital (MTD) plans. One thing to remember is that from April 2019, if your VAT turnover is above the VAT threshold (currently … Read More

HMRC Employee PAYE code changes

HMRC are changing the way they issue HMRC PAYE tax codes for employees with effect from end of May 2017. PAYE tax codes will now be issued every time there is a change to an employees’ circumstances that affect their tax. What’s changing? From the end of May 2017, HMRC will be using the real time information (RTI) that’s submitted from … Read More

Switching from HMRC Tools to Sage 50 Payroll

hmrc letterhead

Switching from HMRC Tools to Sage 50 Payroll which is leading to new tax codes being issued for employees.  This is a known issue. If you want to read further you can download our free guide to fix this error! The error is occurring because of inconsistent data in RTI Payroll ID field*.  This has led to employees receiving new … Read More