HMRC has opened the Making Tax Digital for VAT (MTDfV) public pilot. However certain VAT-registered businesses (around 3.5% according to HMRC) with more complex requirements will be deferred from being subject to MTD for six months.
News
AUTUMN BUDGET 2018
Self-employed Class 2 National Insurance will not be scrapped
The government has decided not to proceed with plans to abolish Class 2 National Insurance Contributions (NICs) from April 2019.
Class 2 NICs are currently paid at a rate of £2.95 per week by self-employed individuals with profits of £6,205 or more per year. The government had planned to scrap the Class 2 contribution and had been investigating ways in which self-employed individuals with low profits, could maintain their State Pension entitlement if this inexpensive contribution had been abolished.
CHILDCARE VOUCHER CHANGES – 4 OCTOBER 2018
From 4 October 2018, childcare voucher schemes aren’t available to new applicants.
"Dorrells has been perfect for all of our corporate and personal accounting affairs. They have proved invaluable to us since we started working with them in 1999. Peter Lea is extremely knowledgeable, professional and explains things clearly.
"Dorrells has been perfect for all of our corporate and personal accounting affairs. They have proved invaluable to us since we started working with them in 1999. Peter Lea is extremely knowledgeable, professional and explains things clearly.