[22 Jan 2017 | Comments Off on Public Sector Bodies and Freelancers and IR35 | ]
Public Sector Bodies and Freelancers and IR35

On Saturday 21 Jan 2017 the National Audit Office in Victoria opened its doors to a range of geeks and devotees, both within and beyond Government, for the now annual unconference called UKGovCamp. This one was special, the 10th event, and there was a considerable buzz among the 220 participants.
Somehow, my session ended up in a very early slot (one of eight concurrent streams) and a small, intense discussion of IR35 took place.
This is an extremely complex subject. I have recently concluded an IR35 enquiry for a client. It took …

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headline, one offs »

[22 Jan 2017 | Comments Off on Public Sector Bodies and Freelancers and IR35 | ]
Public Sector Bodies and Freelancers and IR35

On Saturday 21 Jan 2017 the National Audit Office in Victoria opened its doors to a range of geeks and devotees, both within and beyond Government, for the now annual unconference called UKGovCamp. This one was special, the 10th event, and there was a considerable buzz among the 220 participants.
Somehow, my session ended up in a very early slot (one of eight concurrent streams) and a small, intense discussion of IR35 took place.
This is an extremely complex subject. I have recently concluded an IR35 enquiry for a client. It took …

annual, routine »

[15 Dec 2016 | Comments Off on Can my company claim a Christmas party allowance? | ]
Can my company claim a Christmas party allowance?

There is no specific tax deduction for a “Christmas party” but HMRC does allow a measure of tax relief for “an annual event”.

Generally, staff entertainment is considered as a “Benefit in Kind”, and directors and employees need to pay tax and national insurance on the amount of the benefit.
Here’s the one way to avoid a “Benefit in Kind”.  As a company director, you are entitled to provide an annual event for yourself, any staff you employ, and your partner, and reclaim the costs against the company. Proved that the cost …

headline, one offs »

[11 Aug 2016 | Comments Off on Auto Enrolment – the Basics | ]
Auto Enrolment – the Basics

Proactive is not authorised to give pensions advice, and the comments here are a guide to complying with new legislation. It is not a guide to pensions! The figures below relate the tax year 2016/17 and may change every April as each new tax year starts.
Do I need to comply?
You may not need to offer auto enrolment if your business employs no regular staff, but only directors, and none of those directors have a contract of employment. If that’s the case then check this report.
For everybody else, the key points …

one offs »

[28 Jun 2016 | Comments Off on HMRC System Borked | ]
HMRC System Borked

Late on Thursday 23 Jun 2016, we tried to submit a number of Coporation Tax returns for clients. The data went in (apparently), but the normal response did not come back. We tried again early on Friday with the same blank result.

According to Acorah, our software supplier, this issue (experienced by many accountants) was raised with HMRC on Friday, and whilst the data has arrived on the HMRC systems, it is only the “result” message which is failing. We checked the HMRC status page on both Thursday and Friday and …

one offs »

[10 Jun 2016 | Comments Off on Credit Notes | ]
Credit Notes

“I need to issue a Credit Note. What should I do?”
A credit note is simply a negative invoice. It replicates the original invoice is almost every way except that the amounts and the figures are shown as negatives. The date on the Credit Note is normally the date you prepared it, unless there are compelling reasons to use a different date.
Use whatever the next number is (in your normal invoice number sequence) for the credit note. If your software forces you to use a different number sequence for credit notes, …