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Welcome to our blog page where we regularly post articles of interest.
Domestic Reverse Charge for VAT – UPDATE
On 6 September 2019, in response to representations from the construction sector, HMRC announced that the proposed implementation of the Domestic Reverse Charge for VAT has been postponed for 12 months and will now be implemented on 1 October 2020. Some businesses...
Focus on…..Olivia Nield
Because one of James Scott Accountants key qualities is Teamwork, we like to focus on one of our team each month so that our clients and prospective clients can get to know us more! Olivia Nield - James Scott Accountants How long have you been part of the team? I have...
VAT and the Domestic Reverse Charge for construction services
VAT domestic reverse charge for construction services After this month’s introduction of Making Tax for VAT, October 2019 sees further major changes to VAT with the introduction of a domestic reverse charge for the construction industry. The effect will be that the...
What is Making Tax Digital
By 2020, HMRC's Making Tax Digital (MTD) initiative will mean that businesses and individual taxpayers will be able to access their own tax affairs online via digital tax accounts. The next phase of this programme, Making Tax Digital for VAT, starts from the 1stApril...
Your Tax return
Here at James Scott Accountants, we are currently working hard to make sure we have done everything possible to ensure our clients do not miss the deadline of January 31st to get their personal tax returns submitted to HMRC. Surely people do not leave right to the...
Making Tax Digital Delayed
As part of HMRC’s continuing digitisation program it is introducing Making Tax Digital(MTD) from April 2019. This means all businesses with a turnover over the current VAT threshold of £85,000 will be mandated to maintain their VAT records digitally and submit VAT...
Alcohol Wholesaler Registration Scheme
Alcohol Wholesaler Registration Scheme (AWRS) From 1 April 2017 if you buy alcohol to sell from a UK wholesaler, you will need to check that the wholesaler has been approved by HMRC and has an AWRS Unique Reference Number (URN). This has been a requirement placed on...
Five Common VAT Errors
Five Common VAT Errors VAT is a tax charged at 20% on goods and services deemed to be non-essential. Pretty simple right? A quick look at the list of VAT Notices on www.gov.uk will give you some indication that it is nowhere nearly that straight forward. The VAT...
Considerations for the Newly Self-Employed
My name is Rachel Armstrong, and I work for James Scott, the leading Chartered Certified Accountants in Middleton, Manchester. I’ve worked with people who are Self-Employed for more years than I care to admit. I’ve also spent several years without the constraints of...
National Living Wage – what you need to know
From 1 April 2016, the National Living Wage will be £7.20 an hour for workers aged 25 and over and not in the first year of an apprenticeship. The National Minimum Wage will still apply for workers aged 24 and under. Employers will see at least 50p per hour increase...
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