Latest News from GTN

Counting down to Making Tax Digital for VAT

The stage is still set for Making Tax Digital (MTD) for VAT to be rolled out on 1 April. But according to the Institute of Chartered Accountants in England and Wales, 40% of relevant businesses aren’t aware they are about to be affected.

UK dividends remain strong despite volatile markets

UK dividends are continuing to grow faster than inflation, according to the latest quarterly data from Link Asset Service.

Making Tax Digital deadline deferred for certain businesses

The Making Tax Digital (MTD) for VAT deadline has been extended until October 2019 for certain businesses. Around 3.5% of mandated customers are affected, including VAT divisions and groups, trusts, unincorporated not-for-profit organisations and traders based overseas.

GTN presents at the UK Canada Chamber of Commerce

Joanne Kerr and Adina Cotan of GTN were delighted to be invited as guest speakers at the 2018 Tax and Financial Planning event hosted by the Canada-UK Chamber of Commerce in London

Smaller firms benefit from Budget business detail

The details released after the 2018 Budget statement revealed a range of new restrictions for businesses. However, they have been structured to reduce the impact on smaller businesses.

The Budget: an end to austerity?

The 2018 Budget - delivered on a Monday for the first time since 1962 - produced a number of surprises, not least some high-profile ‘giveaways’.

2018 UK Budget Highlights

This newsletter provides a summary of the key tax points from the 2018 Autumn Budget based on the documents released on 29th October 2018. It is possible that changes will be made between now and the publication of the Finance Bill.We will keep you informed of any significant developments.

Brief victory on VATMOSS for microbusinesses

A successful campaign by micro-business owners has seen the EU introduce a new minimum threshold for the VATMOSS rules. But with legislation due to take effect in January 2019 at risk from a no-deal Brexit, the success could be short-lived.

Class 2 NICs here to stay

The Chancellor has changed his mind - again - on National Insurance Contributions (NICs) for the self-employed. The Treasury has revealed that Class 2 NICs will remain for at least the rest of this Parliament.

HMRC caught out on IR35 and holiday pay

HMRC has suffered an embarrassing setback after one of its contractors launched a claim for unpaid holiday pay, relating to work covered under the off-payroll working rules, also known as the IR35 rules.

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