News


FLEXIBLE WORKING - changes in the law from 6 April 2024
21/02/2024
From 6 April, the law is changing for how businesses manage an employee's flexible working request. Employees will be able to request flexible working from their first day in a new job. Learn about the legal changes and business benefits at https://helptogrow.campaign.gov.uk/flexible-working/ Read more...


Office Opening Times and HMRC's tax payment helpline
23/03/2022
Our office remains open for the drop off or collection of manual books and client meetings, Monday to Friday 9am to 5pm. Please use telephone or email to contact us as normal. Stay safe and be well. If you have concerns about meeting an HMRC tax payment deadline please call their dedicated Time to Pay helpline 0800 0159 559. Read more...


Accessing the HMRC mobile APP
11/04/2024
HMRC’s free tax app is available to download from the App Store for iOS and from the Google Play Store for Android. The latest version of the app includes updated functionality. The app can be used to see: your tax code and National Insurance number; your income and benefits; your income from work in the previous 5 years; how much Read more...


Using the starter PAYE checklist
11/04/2024
Employers that take on a new employee need to work out which tax code and starter declaration to use in their payroll software. Incorrect tax codes can lead to a new employee paying more tax than is due. Employers will require certain information from their new employee in order to ensure that the correct tax code and starter declaration Read more...


HMRC continues to target till fraud
11/04/2024
HMRC has, for many years, looked to target businesses that deliberately undertake electronic sales suppression (ESS). ESS happens where a business deliberately manipulates its electronic sales records in order to hide or reduce the value of individual transactions. This type of fraud is hard to spot as it tries to reduce the recorded Read more...


Termination payment clearance process
11/04/2024
The tax treatment of termination payments has changed significantly over recent years. The changes have aligned the rules for tax and secondary National Insurance contributions (employer (NICs)) by making an employer liable to pay NICs on termination payments they make to their employees. HMRC has announced that it is aligning its Read more...


VAT retail schemes
11/04/2024
VAT retail schemes are a special set of schemes used by retail businesses to account for VAT. The schemes are used by businesses that sell a significant amount of low value and/or small quantity items to the public with different VAT liabilities. The use of the schemes can save businesses a significant amount of time in calculating the Read more...


Paying VAT on goods from EU to Northern Ireland
11/04/2024
There are special procedures for moving goods in and out of Northern Ireland. Under the Northern Ireland Protocol, all Northern Ireland businesses continue to have access to the whole UK market. There is specific guidance published by HMRC that should be followed for goods that are received into Northern Ireland from a supplier in the Read more...


New employment protections
09/04/2024
New legislation, including three Government backed cross party Acts, came into force from 6 April 2024. Pregnant women and new parents will now receive special treatment in a redundancy situation, as a suite of new laws are introduced - delivering the Government’s plan to support families and back hardworking Brits. New laws will Read more...


What do we mean by profit?
09/04/2024
When most business owners refer to business profits, they are likely to mean the difference between sales and costs, and more concisely, that sales exceed costs. However, the word “profits” can prove to be a moveable feast as HMRC, banks and traders will likely have a different interpretation. For example, do costs Read more...

The latest news on changes in taxation – if you would like to talk about any of this in more depth, please contact us.

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Presteigne
Powys
LD8 2UH
Phone: 01544 260215
Email: sfh@shousego.co.uk

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