What we think


Hammond’s U-Turn. A National Insurance Climb Down

The Chancellor has today made a surprise U-turn on the widely criticised increase to class 4 national insurance rates from 2018, announced in last week’s Budget.  Whilst we welcome the climb down, it is worth noting two things. First, the threshold at which the higher rate of class 4 NIC is applied increases from 6… Read more


Budget 2017 highlights

The main points announced and confirmed today were: Individuals Personal allowance confirmed to increase to £11,500 from April 2017 and £12,500 by 2020 Higher rate threshold to increase to £45,000 from April 2017 and £50,000 by 2020 Class 2 will still be abolished from April 2018 Class 4 national insurance on self-employed will increase to… Read more


SILLY TAXPAYER EXCUSES FROM HMRC

HMRC have released some of the more unusual excuses from taxpayers who failed to complete their self-assessment tax return on time. We hope you enjoy this list of silly taxpayer excuses! These include: 1. ‘My tax return was on my yacht…which caught fire’ 2. ‘A wasp in my car caused me to have an accident… Read more


Making Tax Digital Software – What’s the Situation?

Following the release of HMRC’s response to the MTD consultation documents last week, more information is now coming through regarding the practicalities of the making tax digital software requirements. One of the most significant concerns that came through from the consultation and the Treasury Committee is the timescale over which the program will be implemented…. Read more


Albert Goodman and Xero

Making Tax Digital- What you need to know.

Making Tax Digital (“MTD”) is HM Revenue & Customs’ (“HMRC”) drive to make the UK the “most digitally advanced tax authority in the world” and will mean significant changes to how and when we all deal with our tax affairs, with changes coming in from as early as April 2018. HMRC see this as ultimately leading to… Read more