A business is either registered for VAT or not registered for VAT. A business cannot have some activities registered and some not. Similarly, the VAT threshold (2017-18 £85,000) cannot be avoided by artificially splitting a business into separate parts and arguing each part is under the threshold. However it can be possible for two people […]
HMRC are warning that a large scale scam email is at large: “Customers are strongly advised to lookout for a new phishing scam. If you get an email with the subject, “Your 2016 Tax Report”, with an attachment, do not open it. Please forward it to firstname.lastname@example.org and then delete it. For more advice, please […]
The Charities Commission have publicised an inquiry they are holding into a charity that has repeatedly missed accounts filing deadlines. The failure to file accounts on time is cited as evidence of mismanagement and misconduct; and reason to examine all financial and governance aspects of the charity. Whether “naming and shaming” is really the most […]
Currently in the UK most physical books are sold with 0% VAT and most e-books are sold with 20% VAT. Until Brexit has actually completed, the UK remains part of the EU wide VAT system. It is therefore of interest that MEPs are to vote on a EU Commission proposal to reduce the rate of […]
HMRC have lost a recent tax penalties case heard by the First Tier Tribunal (FTT) on 24 April 2017. HMRC had applied daily penalties of £10 per day for late filing of a personal tax return. HMRC could not provide evidence that the tax payer had been properly warned of such penalties. As with all […]
ShareFile – secure on-line storage of all documents we prepare for you
All work we prepare for you are stored and accessible 24-7 on our on-line secure ShareFile system (by Citrix).
Please read our introduction to ShareFile here.
Clients can log in here:
KashFlow – our online bookkeeping system
KashFlow is an easy to use, no jargon, fully functioning online bookkeeping system.
Clients can log in here:
Downloads. From time to time you may need to download a template document. Here are some of the most commonly requested:
Our bookkeeping spreadsheet is free to use and will suit most simple businesses. If you are not VAT registered and only have one bank account then you can use the simplified version of this spreadsheet.
When providing us with your monthly payroll information please use the following spreadsheet.
Please use the following forms to send us information:
- Please provide your company details by completing the spreadsheet here and returning this to us.
- Please provide your personal details by completing the spreadsheet here and returning this to us.
- New Company – For us to form a company please complete the spreadsheet here and return this to us.
- PAYE Scheme – For us to set up a PAYE scheme please complete the spreadsheet here and return this to us.
- VAT – For us to register you for VAT please complete the spreadsheet here and return this to us.
- If you have a new employee joining without a P45 please complete the form here.
- To submit your information relating to your personal tax return for 2016-17 please click here.
Clients are entitled to support services either as part of a monthly fee arrangement or on a pay as you go basis.
|Due Date||Tax||Account period|
|1 July 2017||Corporation Tax payment||Year ended 30 September 2016|
|7 July 2017||VAT payment||Quarter ended 31 May 2017|
|19 July 2017||Payroll (PAYE, NI, CIS) payment||Month ended 5 July 2017|
|1 August 2017||Corporation Tax payment||Year ended 31 October 2016|
|7 August 2017||VAT payment||Quarter ended 30 June 2017|
|19 August 2017||Payroll (PAYE, NI, CIS) payment||Month ended 5 August 2017|
|1 September 2017||Corporation Tax payment||Year ended 30 November 2016|
|7 September 2017||VAT payment||Quarter ended 31 July 2017|
|19 September 2017||Payroll (PAYE, NI, CIS) payment||Month ended 5 September 2017|
|Tax Figures (updated January 2017)|
|Flat rate scheme: Joining (excluding VAT)||150,000||150,000||150,000|
|Flat rate scheme: Leaving (including VAT)||230,000||230,000||230,000|
|Cash accounting: Joining||1,350,000||1,350,000||1,350,000|
|Cash accounting: Leaving||1,600,000||1,600,000||1,600,000|
|Savings rate band||5,000||5,000||5,000|
|Savings rate (from 6 April 2016 0% PSA*)||0%||0%||0%|
|Basic rate band (20%)||33,500||32,000||31,785|
|Start to lose child benefit (from 7/1/13)||50,000||50,000||50,000|
|Lose all child benefit above||60,000||60,000||60,000|
|Lose personal allowance at||100,000||100,000||100,000|
|Additional rate on earnings over (45%)||150,000||150,000||150,000|
|Rent a room limit||7,500||7,500||4,250|
|Employers NI threshold||680||671||671|
|Optimum annual salary [A]||8,160||8,052||8,052|
|Personal allowance + basic rate||45,000||43,000||42,385|
|Remaining after deducting [A]||36,840||34,948||34,333|
|Net dividends (within basic rate)||36,840||34,948||30,900|
|Dividend Tax Allowance||5,000||5,000|
|Dividend tax rate basic rate taxpayers||7.5%||7.5%|
|Dividend tax rate higher rate taxpayers||32.5%||32.5%|
|Dividend tax rate additional rate taxpayers||38.1%||38.1%|
|Employees NI rate||12%||12%||12%|
|Employers NI rate||13.8%||13.8%||13.8%|
|Lower earnings limit||5,876||5,824||5,824|
|Upper earnings limit||45,000||43,000||42,385|
|Self employed NI rate||9%||9%||9%|
|Self employed NI lower limit||8,164||8,060||8,060|
|Self employed NI upper limit (2% NI above this)||45,000||43,000||42,385|
|Small earnings exemption||6,025||5,965||5,965|
|Class 2 (per week)||2.85||2.80||2.80|
|Student loan threshold (pre-2012) Plan 1||17,495||17,495||17,335|
|Student loan threshold (post-2012, England and Wales only) Plan 2||21,000||21,000|
|Student loan rate (pre-2012)||9%||9%||9%|
|Employment Allowance (deduction from Employers NI)||3,000||3,000||2,000|
|Capital Gains Tax||2017/18||2016/17||2015/16|
|Capital gains tax annual exemption||11,100||11,100||11,100|
|Capital gains tax rates (Residential property)||18%/28%||18%/28%||18%/28%|
|Capital gains tax rates (Other)||10%/20%||10%/20%||10%/18%/28%|
|Quarterly payments if monthly fee below||1,500||1,500||1,500|
|Use of home as office employees||£4 per week||£4 per week||£4 per week|
|AIA limit (£200,000 from 1 January 2016)||200,000||200,000||500,000|
|Standard main pool rate||18%||18%||18%|
|Special rate (integral features and long term)||8%||8%||8%|
|Small pool write off||1,000||1,000||1,000|
|Corporation tax rates||2017/18||2016/17||2015/16|
|Main rate (18% from 1/4/20)||19%||20%||20%|
|Small company rate (ended from 1/4/15)||NLA||NLA||NLA|
|*Personal Savings Allowance (PSA) 0% tax on savings income up to £1,000 (£500 higher rate tax payers)|
|From 6 April 2015 trivial benefits up to £50 not taxable (cap of £300pa for officers and their family)|
|Fuel type||From 1 June 2017|
|Petrol 1,400cc or less||11p|
|Petrol 1,401cc to 2,000cc||14p|
|Petrol over 2,000cc||21p|
|Diesel 1,600cc or less||9p|
|Diesel 1,601cc to 2,000cc||11p|
|Diesel over 2,000cc||13p|
|LPG 1,400cc or less||7p|
|LPG 1,401cc to 2,000cc||9p|
|LPG over 2,000cc||14p|
|HMRC Online Services||Log In|
|Companies House Service - Lookup company information and download documents||https://beta.companieshouse.gov.uk/|
|Community Interest Company Regulator||https://www.gov.uk/government/organisations/office-of-the-regulator-of-community-interest-companies|
Please send us any comments you have about us and our services: