Archives: Blog

Tax Returns and getting them in early

Most people operating a business in the UK, together with other specific taxpayers, are obliged to file tax returns with HMRC. While it can be tempting to put off completing a tax return until the last second, this is not good practice. Taxpayers should ideally complete and submit their tax return early. Below is a guide to the deadlines you need to be aware of and the benefits offered by filing your tax return early.

Budget musings

I am not an economist, so I am not going to try to get into the arithmetic of whether the apparent (and modest) giveaways in the Chancellor’s Budget last Monday can be afforded – it seems to me that this depends entirely on the accuracy of the ‘independent’ OBR’s forecasts. My crystal ball needs a polish, but, if the OBR’s forecasts are as accurate as the BBC’s weather forecasts, then…….

Autumn Budget – overview

It was rumoured the Budget was held on a Monday for the first time in 56 years to avoid Halloween related headlines, but there appeared to be few horrors revealed in the key announcements made.

TechTalk dinner

Last Wednesday saw many of the leading technology businesses in the region come together at the TechTalk dinner in Leeds, a regular event hosted by BHP Accountants and Clarion Solicitors to discuss the key issues facing businesses in the current climate.

Enhance your audit with data analytics

In the world of big data and greater connectivity, audit as we knew it is changing quickly, is your auditor changing with the times too?

Overseas Income – HMRC’s new Requirement to Correct (RTC) rules are coming!

Over the past few years, HMRC has offered beneficial terms to encourage people to declare their offshore income, and we currently have the Worldwide Disclosure Facility, which many people have successfully used to bring their tax affairs up to date. This will all change with the new RTC legislation, which brings with it very large… Read more »

Will you be ready for Making Tax Digital?

Seminars We are hosting a series of MTD seminars to help you with the process. See below, if you are interested in attending please email lucy.ellis@bhp.co.uk Leeds – 10 October 2018 – BHP, Chartered Accountants, First Floor, Mayesbrook House, Lawnswood Business Park, Redvers Close Leeds LS16 6QY York – 16 October 2018 – BHP, Chartered Accountants, Rievaulx… Read more »

Worldwide Disclosure Facility: everything you need to know

The Worldwide Disclosure Facility (WDF) has been operational since 5th September 2016 and will end on 30th September 2018. The WDF allows companies and individuals to disclose a liability for UK tax related to an offshore investment, or financial accounts, such as income from sources outside of the UK, assets held or situated abroad, and… Read more »

Rent a room relief

A change to the rules for rent a room relief has been announced in the draft finance bill, perhaps targeting property letting via Airbnb and similar platforms?

Do you know your Y from your Z?

Generation Y — millennials — have been a primary topic of business conversation over the past few years. However, an increasing amount of research is now being undertaken on the new ‘Generation Z’.