Update from DRG Chartered Accountants
Trading with the EU? Have you applied for your EORI number?
In the event of a ‘no deal’ Brexit, you will want to ensure you can continue trading in the European Union from the 30 March 2019. This will only be possible if you have an EORI number.
Please apply for your EORI from HMRC by using the short application, which can be found online by using the link on the GOV.UK page "Get a UK EORI number to trade within the EU".
Currently, it takes three days for a UK issued EORI number. However, delays are expected with the deadline rapidly approaching. Read more
Making Tax Digital workshop
April 2019 ushers in HMRC’s landmark Making Tax Digital initiative with VAT being the first type of tax be reported under this system. Attend our breakfast workshop on Tuesday 12th March to find out more:-
- Background to Making Tax Digital
- The Making Tax Digital timeline
- What it means for businesses
- Compliant software & digital link
- Making Tax Digital record keeping
- Required steps for businesses to comply with Making Tax Digital
- Penalties for non-compliance
The workshop is complimentary, but space is limited, so please reserve your place today. Read more
The tax year end is rapidly approaching
Are your affairs as tax-efficient as possible? Are you:-
- Making the most of tax-efficient savings and investments
- Considering estate and inheritance tax planning strategies
- Making the best use of capital allowances
- Extracting profit tax-efficiently?
If you would like to discuss your personal circumstances before the 5th April deadline, please do get in touch with the DRG tax team. Read more
Employment Allowance Reminder
The Employment Allowance has been with us for a few years - but it is worth checking that you are claiming on the correct basis. Remember you can make a backdated claim to cover the years from 2015/16.
The Employment Allowance is currently worth £3,000 as a flat rate deduction against the overall amount of employer’s NIC that is paid in respect of employees. However, there are some exclusions. Read more
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