Mr Paul Clifton
Jun 202 min
Making Tax Digital for Self-Assessment (MTD) changes
The Public Accounts Committee reported grave concerns over Making Tax Digital for Self-Assessment (MTD for ITSA) with spiralling costs,...
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Mr Paul Clifton
Feb 15, 20234 min
Making Tax Digital for Self-Assessment (MTD) - coming soon
Individuals and businesses need to be prepared for its introduction. It comes into effect in April 2026 for businesses, self-employed...
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Paul Clifton
May 14, 202115 min
Employed or self-employed - Why all the fuss?
There is little doubt that employment practices in the UK are changing. You may have heard of, or work in, the ‘Gig Economy’. This is...
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Paul Clifton
Oct 31, 201812 min
Budget 2018 - Key points
Introduction Chancellor Philip Hammond’s 2018 Budget speech on 29 October was noted as the 'trick or treat' Budget with its proximity to...
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Paul Clifton
Mar 15, 20184 min
VAT MTD - Big changes in submitting VAT returns
Changes are set for April 2019. Businesses with manual and Excel based systems and without the right software will be most affected. You...
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Paul Clifton
Nov 29, 201710 min
Autumn Budget 2017 - Key points
Introduction The Chancellor, Philip Hammond, has delivered his second Budget of the year, following the spring 2017 Budget. Most of the...
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Paul Clifton
Mar 14, 20178 min
Spring Budget 2017 - Key points
An overview of the key points from Spring Budget 2017
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Paul Clifton
Mar 6, 20161 min
Don't waste your personal allowance
If one spouse or civil partner is working and the other has no taxable income, it is worthwhile considering transferring income producing...
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Paul Clifton
Feb 24, 20151 min
Self Assessment Late Payment Charges
As the Self Assessment deadline for Tax Returns for 2013-14 has now passed; HMRC will begin to start issuing penalty notices to those...
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Mr Paul Clifton
Feb 12, 20151 min
Tax return late filing penalties
If you want to submit a paper copy of your tax return, you must do so by 31 October, following the end of the tax year. For the current...
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Paul Clifton
Jan 14, 20152 min
Top 10 bizare excuses for HMRC for filing your tax return late
HMRC published their "Top 10 oddest excuses for late tax returns". There are no claims of being abducted by aliens. We we all eagerly...
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Mr Paul Clifton
Jul 7, 20141 min
Families and business – why keep it all to yourself?
A very good (tax!) argument for bringing spouses and other relatives into the business is that they then also get to utilise their...
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Mr Paul Clifton
Jun 10, 20141 min
Salary sacrifice – everyone’s a winner
Paying salaries is an expensive affair, thanks to Employers’ National Insurance Contributions (NICs) at nearly 14%. Converting some of...
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