Delays to R&D tax credit claims
Businesses have been experiencing “significant delays” to their research and development (R&D) tax credit claims in recent months. R&D relief is available to companies that work on innovative projects in science and technology, with the aim of making an advance in their field. For more information please see our dedicated R&D page here. HMRC aims […]
HMRC publishes new IR35 guidance
New guidance has been published on the HMRC website, covering changes to the off-payroll working rules known as IR35 which will come into effect next year. From 6 April 2020, medium and large-sized businesses will be responsible for deciding the employment status of workers they enter a contract with. For every contract a business agrees […]
120k firms miss MTD for VAT deadline
More than 120,000 VAT-registered businesses in the UK missed the August deadline to file returns through Making Tax Digital (MTD). HMRC confirmed that around 116,000 businesses with quarterly obligations and 5,000 firms that file monthly returns did not sign up in time. Most VAT-registered businesses with annual taxable turnover of more than £85,000 have to […]
VAT reverse charge ‘should be delayed’
A major change to VAT in the construction industry could cause significant disruption to businesses unless it’s delayed, the Chartered Institute of Taxation (CIOT) has warned. The VAT domestic reverse charge is set to come into effect on 1 October 2019, and will apply to VAT-registered businesses that supply or receive specified services under the […]
NR Barton support Santander and the Woodstreet Mission
NR Barton have donated school uniform items to help support Santander and the Wood Street Mission in their worthy cause for disadvantaged children and teenagers. Many families struggle to afford to buy uniform in readiness of the new terms in September. This sadly can lead to bullying, a lack of confidence and children feeling isolated. […]
NR Barton team raise £165 in memory of Brad Whittle
The team at NR Barton held a charity hamper raffle to raise money in memory of Brad Whittle. The anointed charity was Lancashire Mind and the raffle was designed to help raise awareness of mental health. Lancashire Mind can be found at www.lancashiremind.org The hamper of goodies including chocolate and gin was raffled by Jacqui […]
Help-to-buy ISA closing date approaches
First-time buyers have around four months left to open a help-to-buy ISA, before the scheme closes to new applicants on 30 November 2019. The help-to-buy ISA allows people to receive a 25% government bonus on savings they use to buy their first home, up to a maximum of £3,000. According to the most recent Treasury […]
Open Banking and how this impacts Xero
New EU standards, due to take effect from 14 September 2019, will change the way some banks connect to Xero. To comply with the new requirements, many of Xero’s bank feeds will be replaced by new direct feeds using Open Banking. What is Open Banking? Open Banking means you can choose to share your bank […]
Private sector contractors warned about tax rises
Sole traders and the self employed who work with the private sector will have to pay increased tax after the government said it would continue with plans to level the playing field between employees and those in the gig economy.
Paul Murphy completes Manchester Marathon
Congratulations to Paul Murphy from our Audit and Accounts team who successfully completed the Manchester Marathon in a very impressive time of 2.55, a great achievement. Paul is a member of Wigan Harriers and can often be seen pounding the streets of Wigan.