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IR35 | 10 Rules for Contractors

On our blog earlier this month we discussed the effects of changes to the HMRC IR35 tax regulations on contractors and consultants following announcements in the Budget.  These changes to the HMRC IR35 rules will have an impact not just on contractors but also business owners too. Here we provide you with 10 rules (below…Read More

Making Tax Digital

Dear ukea clients From A‌pr‌il 2‌01‌9 VAT-registered businesses with a taxable turnover above the VAT registration threshold are required to keep digital VAT business records and send returns using Making Tax Digital compatible software. Here’s a selection of our online support to help you. Our short video  ‘Digital record keeping for VAT’, is one of a range of…Read More

Update from HMRC

HMRC have published important information for employers on G‌O‌V.U‌K, which includes: Help to  * finish the old tax year 2018-19* Starting the new tax year 2019-20, by using our  * form P9X (2019)*  – tax codes to use from 6 A‌pr‌il 2‌01‌9 Information on the  * rates, limits and changes for 2019-20* The  * Employer Bulletin…Read More

Are you ready for Making Tax Digital

The introduction of Making Tax Digital (MTD) is probably the biggest operational change to be introduced in the UK’s tax system in the last few decades. MTD will provide businesses with a modern, streamlined system to keep tax records and relay detailed tax information to HM Revenue & Customs (HMRC). This idea is not new.…Read More

A guide to being smart with your time

Quick and simple ways to boost your business in just 10 minutes Time waits for no one. But when you run a small business, time puts on a tracksuit and starts sprint training. When the average work day sees you wearing 12 hats and running 7 different departments, it’s easy to feel there isn’t enough…Read More

MTD in a nutshell

Before we dazzle you with our MTD solutions, let’s cut through the noise with a brief description that covers the MTD basics. Making Tax Digital is an attempt made by the HMRC to do exactly what the name suggests. Currently, once a year, businesses have to file one headache of a document but once MTD…Read More

Your payroll – key topics

Dear UKEA CLIENTS From payroll to health and safety issues, we have webinars, videos and an online forum to help you. Here’s a list of some of our live webinars coming up. You can ask questions using the on-screen text box. HMRC and HSE working together for you – growing your business: HMRC and HSE…Read More

HMRC, Oracle + others will not support VAT under MTD

What will you do in April? HMRC confirmed last year that they would not be updating the free VAT online filing service for Making Tax Digital, making the service unavailable to any business with a turnover above the VAT threshold from April 2019.  How will you manage your VAT returns from April? IRIS VAT Filer…Read More

VAT – we’re here to help

THIS WILL BE CHANGING FROM 1ST APRIL 2019 AND YOU WILL NEED A CLOUD SOFTWARE AND UKEAS CLOUD SOFTWARE IS THE ONLY ONE THAT WILL BE ABLE TO DO DIRECT SUBMISSION FOR VAT TO HMRC, SO ACT NOW . Dear UKEA Clients , Getting started with VAT Would you like some simple, straightforward advice about VAT? Take…Read More

Brexit Consequences for the U.K., the EU, and the United States

Updated February 13, 2019 Brexit is the June 23, 2016, referendum where the United Kingdom voted to leave the European Union. The residents decided that the benefits of belonging to the unified monetary body no longer outweighed the costs of free movement of immigration. Brexit is the nickname for “British exit” from the EU.  On March 29, 2017,…Read More

Your VAT Return and Making Tax Digital

Dear UKEA Clients ,  If you’re a VAT registered business, we can help you with a range of online support. Ahead of the changes due from A‌pr‌il 2‌01‌9 we’ll be delivering‘Making Tax Digital for VAT’ webinars later this month. Covering digital record keeping, we’ll also be explaining the importance of ensuring the software you use to submit to…Read More

VAT Refund Claims to be Affected if No Deal Brexit Occurs

A no deal departure from the European Union(EU) will mean that many UK businesses will need to apply the same processes to EU trade as the other countries of the world who are not a Member State of the EU. News recently published has informed that should the UK leave the European Union without a…Read More

What is Making Tax Digital (MTD)?

Making Tax Digital (MTD) is an HMRC initiative that will revolutionise the UK tax system and ultimately bring an end to self-assessment. The primary aim of Making Tax Digital is to make tax administration more effective, efficient, and easier for taxpayers through the implementation of a fully digitalised tax system by 2020, whilst also reducing…Read More

Discover Making Tax Digital

By 2020, HMRC’s Making Tax Digital (MTD) initiative will mean that businesses and individual taxpayers can access their own tax affairs online via digital tax accounts. The next major phase of the programme, Making Tax Digital for VAT, starts in April 2019 and requires digital VAT record keeping and VAT returns to be submitted electronically.…Read More

EU Exit business website launched by UK government

The UK government has launched a new EU Exit business website to help businesses prepare for the UK leaving the European Union. The site features a seven step tool, which enables you to find out: what your business will need to do to prepare for the UK leaving the EU what’s changing in your industry…Read More

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