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Making Tax Digital - business sense has prevailed!

9/3/2017

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My faith in the business/common sense of the government has been restored - they listened to the Treasury Select Committee who advised that it made much more sense to start with the larger businesses and operations and then work down to the smaller businesses.  The common theme in all of the Treasury Select Committee meetings was that this is a very good idea, but it just needs to be introduced correctly.  So, in summary:

From April 2018:  All unincorporated businesses (i.e. self-employed individuals and partnerships), and landlords will be required to do quarterly reporting to HMRC if they have profits chargeable to income tax, and pay Class 4 NIC and the business turnover is GREATER than the VAT threshold.

​From April 2019: All unincorporated businesses (i.e. self-employed individuals and partnerships) and landlords will be required to do quarterly reporting to HMRC if they have profits chargeable to income tax, and pay Class 4 NIC, and the business turnover is LESS than the VAT threshold.

​From April 2019: All businesses that are registered for and pay VAT.

​From April 2010: All businesses that pay corporation tax.

​We will be contacting all of our clients to ensure that they will be able to achieve these, now, realistic, deadlines!! 

​More Spring Budget 2017 news to follow shortly.

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Where are we?
Taxation and accounting services are based at our Devon office.
Treasury services are delivered throught the UK and we typically visit you at your premises at times and frequencies convenient to you.  We can visit you on a weekly, monthly or annual basis - it's up to you and your needs. We can also collect direct from you. 

Our values
Flexible: we can visit you on site, and collect from your door
Qualified: over 20 years professional experience
Simple: times and frequencies to suit you, no jargin
Value:  no fixed obligations or minimum contract
 
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Kadel Solutions Limited, Company Number 4493224, Registered Address 5 Castle Mount Offices, Victoria Place, Axminster, Devon, EX13 5NH



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