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Happy days

In what amounts to a single-issue mini-budget the Treasury posted a welcome announcement for the manufacturers and consumers of alcoholic products last week. They said: The Chancellor announces that alcohol duties are frozen From today, (1 February 2019) taxes on beer, cider and spirits are frozen for another year, keeping

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Doncaster Business Showcase 28.2.19

On Thursday 28th February 2019 10am – 4pm at Doncaster Racecourse one of the largest business networking events in the region will be taking place giving you the opportunity to chat to over 200 exhibitors, receive specialist business advice whilst building networks with other local and regional business people. Royston Parkin

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How to cope with recession

Recession literally means “the act of going back, of receding…” Economic pundits have hijacked the word to mean “a period of temporary economic decline during which trade and industrial activity are reduced…”. It is usually heralded by a fall in Gross Domestic Product (GDP). According to many commentators on the

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What are your tax planning options for 2018-19?

Options for adopting 99% of tax planning opportunities for 2018-19 ends on 5 April 2019, just a couple of months away. This applies equally to individuals and all businesses with an accounting year end close to, but prior to 5 April 2019. More importantly, this planning option applies to all

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Are you ready for the VAT filing changes?

A reminder that from 1 April 2019, VAT registered traders with turnover in excess of the current VAT registration limit, £85,000, will need to file returns after 1 April 2019 linked to HMRC’s Making Tax Digital (MTD) systems. Accounts software providers have been working at some pace to change their

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What can you give away before the end of the tax year?

You can give away £3,000 worth of gifts each tax year (6 April to 5 April) without them being added to the value of your estate. This is known as your ‘annual exemption’. You can carry any unused annual exemption forward to the next year – but only for one

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Tax Diary February/March 2019

1 February 2019 – Due date for Corporation Tax payable for the year ended 30 April 2018. 19 February 2019 – PAYE and NIC deductions due for month ended 5 February 2019. (If you pay your tax electronically the due date is 22 February 2019) 19 February 2019 – Filing

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Timing is everything

Historically, a deadline was a line drawn around a prison. If inmates crossed it, they were shot. This phrase has been extended and is generally used to describe an event, usually a date, by which a certain action needs to be taken. There must be several hundred separate deadlines for

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Government fiddles over Brexit

Leaving aside the fact that there were no violins available, it’s interesting to seek a comparison between the supposed musical antics of Nero in AD64 as Rome burned and our government, preoccupied with important political matters as British industry slips ever closer to the cliff edge of a no-deal Brexit.

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