In a recent tax case HMRC proved that a trader claiming to operate through a limited company was actually trading as a sole trader. In order to “trade through a limited company” more is needed than simply creating a company at Companies House. It is also necessary to actually operate through the company: All […]
The following rates can used for fixed rate mileage: Car or van First 10,000 business miles 45p Additional business miles 25p (remains 45p for national insurance purposes only) Motorcycles 24p Bicycles 20p Passenger payments 5p (all per mile) Note that these rates cover fuel, insurance, services, repairs, MOT, road tax, and car depreciation. […]
The rules for salary sacrifice arrangements changed with effect from 6 April 2017 and HMRC have updated their guidance for employers. Apart from 5 exceptions the amount assessed as employment income for new salary sacrifice arrangements is now the greater of the salary foregone and the taxable benefit as set out in the tax legislation. […]
The government are undertaking a consultation on shifting the burden in IR35 cases to private sector employers in the same way as has already been done for employers in the public sector. Please see our previous blog about shifting IR35 to public sector bodies here. As with all of our tax tips and web pages […]
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:
Xero – online bookkeeping system
We are a Xero Bronze Partner and have fully certified Xero advisers available to help you whenever you need it.
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 complete our year end questionnaire for your company accounts please click here.
- To submit your information relating to your personal tax return for 2016-17 please click here.
|Due Date||Tax||Account period|
|1 January 2018||Corporation Tax payment||Year ended 31 March 2017|
|7 January 2018||VAT payment||Quarter ended 30 November 2017|
|19 January 2018||Payroll (PAYE, NI, CIS) payment||Month ended 5 January 2018|
|1 February 2018||Corporation Tax payment||Year ended 30 April 2017|
|7 February 2018||VAT payment||Quarter ended 31 December 2017|
|19 February 2018||Payroll (PAYE, NI, CIS) payment||Month ended 31 January 2018|
|1 March 2018||Corporation Tax payment||Year ended 31 May 2017|
|7 March 2018||VAT payment||Quarter ended 31 January 2018|
|19 March 2018||Payroll (PAYE, NI, CIS) payment||Month ended 5 February 2018|
|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|
|Transferable marriage allowance||1,185||1,150||1,100|
|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||33,500||32,000|
|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||7,500|
|Employers NI threshold||702||680||671|
|Optimum annual salary [A]||8,424||8,160||8,052|
|Personal allowance + basic rate||45,350||45,000||43,000|
|Remaining after deducting [A]||36,926||36,840||34,948|
|Net dividends (within basic rate)||36,926||36,840||34,948|
|Dividend Tax Allowance||2000||5,000||5,000|
|Dividend tax rate basic rate taxpayers||7.5%||7.5%||7.5%|
|Dividend tax rate higher rate taxpayers||32.5%||32.5%||32.5%|
|Dividend tax rate additional rate taxpayers||38.1%||38.1%||38.1%|
|Employees NI rate||12%||12%||12%|
|Employers NI rate||13.8%||13.8%||13.8%|
|Lower earnings limit||6,032||5,876||5,824|
|Upper earnings limit||46,384||45,000||43,000|
|Self employed NI rate||9%||9%||9%|
|Self employed NI lower limit||8,424||8,164||8,060|
|Self employed NI upper limit (2% NI above this)||46,350||45,000||43,000|
|Small earnings exemption||6,205||6,025||5,965|
|Class 2 (per week)||2.95||2.85||2.80|
|Student loan threshold (pre-2012) Plan 1||17,495||17,495||17,495|
|Student loan threshold (post-2012, England and Wales only) Plan 2||21,000||21,000||21,000|
|Student loan rate (pre-2012)||9%||9%||9%|
|Employment Allowance (deduction from Employers NI)||3,000||3,000||3,000|
|Capital Gains Tax||2018/19||2017/18||2016/17|
|Capital gains tax annual exemption||11,700||11,300||11,100|
|Capital gains tax rates (Residential property)||18%/28%||18%/28%||18%/28%|
|Capital gains tax rates (Other)||10%/20%||10%/20%||10%/20%|
|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||200,000|
|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||2018/19||2017/18||2016/17|
|Main rate (18% from 1/4/20)||19%||19%||20%|
|*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 December 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: