The Low Incomes Tax Reform Group (LITRG) is reminding couples that they have until this time next year (5 April 2020) to claim marriage allowance refunds dating back to the first tax year of the allowance, 2015/16. The marriage allowance … Read More
Author Archives: Matthew Batey
What to do if HMRC didn’t collect your Payment on Account
This article from Accounting Web explains how a glitch within the HMRC self assessment system has meant that some taxpayers were not informed of the amount of tax to pay on account by 31 January 2019 and this problem won’t … Read More
Hiring staff on an employed or self employed basis?
LITRG have developed a detailed factsheet for people hiring someone to work for them. This looks at employment status – that is, whether an individual you hire is employed or self-employed for tax purposes. ©shutterstock/wavebreakmedia If you hire someone to … Read More
Spring Statement 2019 – 10 Tax Takeaways
It was a quiet statement on the tax front. This article by the Chartered Institute of Tax pulls out the main quick observations. 1) MTD for VAT still going ahead – ‘soft landing’ confirmed (and our reaction is here) 2) But MTD won’t … Read More
New Payment Deadline for Capital Gains Tax on Residential Property
From 6 April 2020, UK residents disposing of UK residential property will have new capital gains tax (CGT) reporting and payment obligations. The introduction of a 30-day reporting and payment window marks a significant change to the administration of CGT. … Read More
2019 Minimum Wage and Auto Enrolment Rates
Important Information for Employers We would like inform you of an upcoming increase to minimum wage and minimum pension contributions on the 1st April 2019. The increases to minimum wage are as follows:- 25 and over – £8.21 … Read More
Year End Tax Planning
The 5th April is rapidly approaching, and there are a variety of reliefs and exemptions to consider. This Year End Planning guide highlights some of these. If you’d like us to consider whether you are eligible before you miss out, … Read More
Monthly E-Newsletter – February 2019
Newton & Co Monthly E-Newsletter February 2019 Here we’ve included our top tax stories from the last month for your perusal. Please also check out our Facebook and Twitter pages too. @newtonandco @NewtonAccounts Top … Read More
Budget Update
Budget Update The Chancellor Philip Hammond presented his second Autumn Budget this week and we’ve summarised the key tax points for you here: The personal allowance threshold, the rate at which people start paying income tax at 20%, to … Read More
Business Mileage Claims
When claiming business mileage as a business expense against tax or as a VAT claim on the fuel element, you must also keep the Petrol / Diesel receipt . ( We know it will include some private use). The mileage … Read More