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News and Blog

HMRC delay Making Tax Digital

Towards the end of last week, HMRC confirmed the new timeline for Making Tax Digital (MTD). Following the snap general election in June 2017, clauses relating to MTD were dropped from the Finance Bill 2017, leaving both accountants and businesses uncertain as to when, and even if, MTD… read more


How does the VAT Flat Rate Scheme impact on consultants?

At Rawlinsons, we are already starting to see the impact that the Flat Rate VAT scheme changes are having on businesses, particularly consultants. Changes to the scheme, which came into effect on 1st April 2017, will impact businesses defined as ‘limited cost traders’ (see below), who will have… read more


2017 Spring Budget

Philip Hammond’s first Budget speech as Chancellor was a relatively low key affair, with only a few standout announcements. One of these was the increase in Class 4 National Insurance contributions (NIC’s) for the self-employed. This increase follows the previously announced abolition of the outdated Class 2 NIC’s,… read more