The Academies Accounts Direction 2017 – 2018 was published recently and you will no doubt be keen to understand the implications for your trust’s 2018 accounts.   Click here for our summary of the key changes.   A copy of the full AAD is available here if you would like to read the specific requirements in detail.... Read more »

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Common Reporting Standard – Deadline looming UK entities that need to report under the Common Reporting Standard (“CRS”) have until 31 May 2018 to make reports to HMRC in respect of the year ended 31 December 2017. The CRS was implemented as a global mechanism to prevent tax evasion via the use of offshore accounts... Read more »

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Chancellor Philip Hammond has announced that the rates of the National Living Wage and National Minimum Wage are rising from 1 April 2018. The hourly rates will increase in April 2018: from £7.50 to £7.83 for workers aged 25 and over (the National Living Wage) from £7.05 to £7.38 for 21-24 year olds from £5.60 to... Read more »

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Large multi-academy trusts should be aware that they need to comply with the Supplier Payment requirements, with the first report being due by 28 March 2018.

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In this update we have rounded up some of the recent tax changes which will affect the Property Sector. We will also be reporting on the specific Budget measures which will affect the sector as they are announced next week. If you would like to sign up to receive our Property Budget update please click... Read more »

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It is common practice for solicitors to request searches on behalf of their clients. The cost of the search is normally based on a scale of statutory charges which do not attract VAT and when solicitors pass this cost on to their clients they do so as a disbursement which is outside the scope of... Read more »

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Are you employing Apprentices or considering employing Apprentices? From April 2017, the Apprenticeship Levy affects all employers in the UK. The levy is chargeable at 0.5% of your annual pay bill (the amount on which you pay Class 1 secondary NICs). However, an annual levy allowance of £15,000 means that you will only be required... Read more »

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