Mark Bijok Accountants Peasedown St John

https://www.accountingweb.co.uk/tax/hmrc-policy/pet-supply-vat-case-littered-with-mistakes?utm_medium=email&utm_campaign=AWUKTAX020924&utm_content=AWUKTAX020924+CID_7cf03a07f9ad8c1fb43a0bb3df639590&utm_source=internal_cm&utm_term=Pet-supply%20VAT%20case%20littered%20with%20mistakes

Pet-supply VAT case littered with mistakes Readers may be interested to know that the first tier tribunal (FTT) has recently handed down judgment [1] in the first case to concern the fulfilment

Looking for exceptional service and tax knowledge? Look no further! Leave your taxes to us and enjoy peace of mind - accurate, efficient, and hassle-free tax services for all.

Join our community of satisfied clients today and experience the difference. Contact Mark now on 07877 738264 to learn more!

Back to normal waiting times then…!

the VAT helpline will be open for only 5 days every month ahead of the deadline for filing VAT returns – outside of this time, customers will be directed to use HMRC’s online services. So they will be swamped on those days. Let’s hope you don’t have a technical query…

People seeking help with their tax return will be forced to use a chatbot and online services for half the year because a helpline will be shut. HM Revenue and Customs (HMRC) said the self-assessment telephone helpline would be permanently closed between 8 April and 30 September.

Merry Christmas everyone….

Christmas is almost upon us and soon another year will have passed and what an eventful year it has been! So I would just like to say a big thank you to all of my clients for their loyalty and support without which I would not have a business!

The office will be closing at 5pm on the 22nd December 2023 and open again on 2nd January 2024. However, I am always 'on call' so you may call me on my direct line if you need to. - 07877 738264 - I will also be monitoring my emails over the Christmas period.

So it leaves me only to sincerely wish everyone a happy Christmas and best wishes for a brighter 2024.

Client tax refund claim £5903
Filed my clients tax return on the 20th
Money in his bank account by 27th

The chief executive of London's water provider has resigned with immediate effect after criticism of her £1.6m pay packet and the company's abysmal environmental

I can only presume she was the best of the best! 🙄

Just got another £70000 tax refund for a client. Let me know what I can do for you….

A scam email from scumbag…

The tax year used to be the same as the old style Julian calendar (used until 1752). In this calendar, the change of year number happened on March 25th. The year 1752 was shortened by 11 days (when we went over to the Gregorian calendar, but in order to keep the tax year 1752 at 365 days its ending was moved to 5 April 1753.

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Not only will you save money on your taxes, but you'll also have more financial flexibility to invest in your future, pay off debt, or take that dream vacation you've always wanted. Plus, the peace of mind that comes with knowing you're taking control of your finances and minimizing your tax bill is invaluable.

So why wait? Start exploring your tax-saving options today and take the first step towards a brighter financial future. Our team of tax experts is here to guide you through the process and help you make the most of your hard-earned money. Contact Mark now on 07877 738264 to get started!

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Wishing everyone a very happy Christmas from Mark, Russell and Travis.

The mandation of MTD for ITSA will now be introduced from April 2026, with businesses, self-employed individuals, and landlords with income over £50,000 mandated to join first.

Those with income over £30,000 will be mandated from April 2027.

Christmas is almost upon us and soon another year will have passed and what an eventful year it has been! So I would just like to say a big thank you to all of my clients for their loyalty and support without which I would not have a business!

The office will be closing at 5pm on the 23rd December 2022 and open again on 3rd January 2023. However, I am always 'on call' so you may call me on my direct line if you need to. - 07877 738264 - I will also be monitoring my emails over the Christmas period.

So it leaves me only to sincerely wish everyone a happy Christmas and best wishes for a brighter 2023.

What expenses can I claim when working from home?

As a sole trader, you may run your businesses from home.

In this case, you can only claim tax back on the proportion of those expenses that relate to the space you use for your business, including heating, electricity, council tax and mortgage interest.

You’ll need to find a realistic way of dividing the costs.

You may divide your bills according to the number of rooms you use for your business or the time you spend working from home.

https://www.gov.uk/self-employed-national-insurance-rates

Self employed National insurance rates

Self-employed National Insurance rates National Insurance contributions if you're self-employed - rates and exceptions.

This is not just a cost of living crisis, it’s a tax crisis to. That £120 tank of fuel really makes £145 for Sunak in taxes…

Who cannot claim Employment Allowance

You cannot claim if both of the following apply:

you’re a company with only one employee paid above the Class 1 National Insurance secondary threshold and the employee is also a director of the company.

Also certain employees cannot be included in your claim, such as:

someone whose earnings are within IR35 ‘off-payroll working rules’
someone you employ for personal, household or domestic work (like a nanny or gardener) - unless they’re a care or support worker

Another successful appeal against late filing penalties meaning my client will receive £2,000 in the post shortly…

and wishing everyone success in 2022

Wishing everyone a very happy Christmas from Mark, Russell and Travis.

Christmas is almost upon us and soon another year will have passed and what an eventful year it has been! So I would just like to say a big thank you to all of my clients for their loyalty and support without which I would not have a business!

The office will be closing at 5pm on the 23rd December 2021 and open again on 3rd January 2022. However, I am always 'on call' so you may call me on my direct line if you need to. - 07877 73826 - I will also be monitoring my emails over the Christmas period.

So it leaves me only to sincerely wish everyone a happy Christmas and best wishes for a brighter 2022.

Since April 2019, VAT-registered businesses with a turnover above the VAT threshold must keep VAT records digitally and send returns using Making Tax Digital (MTD) compatible software.

From April‌‌ ‌2022, these requirements will apply to all VAT-registered businesses, including those with a turnover below the VAT threshold.

MTD ITSA will start in April 2024 for the self-employed and those with income from property and in April 2025 for most partnerships. MTD corporation tax will not start until April 2026 at the earliest and is likely to be later.

Do any employers need help with furlough claims for April....