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Childcare Vouchers & Tax

At Rawlinsons, we are often asked questions from business clients about childcare vouchers.  As an employer providing childcare to your employees, you have certain tax, National Insurance and reporting obligations. Childcare vouchers are included within the exemptions available from Income Tax and National Insurance Contributions. The amounts that can… read more


VAT & Property Issues Update

Further to my original VAT Property blog posted November 2013 some recent changes are worth drawing attention to. HMRC leaflet VAT Notice 708: buildings and construction has now been updated and a useful summary of vat applicable rates for different construction projects is listed as follows: Construction Services The… read more


Advantages of Gifts of Agricultural Property into Trusts

Trusts have always been a favoured mechanism for long term protection of family assets. At present Trusts are viewed as offering shelter from both the divorce lawyer and the local authority seeking to recover long term care fees. Where an individual gifts assets into a Trust, two different… read more


The Personal Tax Account – Making Tax Digital Gets Personal!

While some aspects of Making Tax Digital have been deferred for the moment, others are already in place. Heralded when first proposed in 2015 as the “Death of the Tax Return”, much of the government’s Making Tax Digital programme has been pushed back to April 2020 (with the… read more


Why Buy Commercial Property Through a SIPP?

This blog explains the benefits and logic behind buying your commercial property through your Self-Invested Personal Pension (SIPP).  While of course the financial advice offered by Rawlinsons P.I.P. will vary depending on your individual circumstances, in general there are plenty of compelling reasons to buy commercial property through… read more


Auto Enrolment Contribution Changes 2018

Automatic enrolment has changed the face of the workplace pension dramatically and as an employer, you need to be aware of how this will affect you – not just now, but as auto enrolment contributions change in 2018. Here are the answers to some of the questions we… read more


Tax-Free Childcare Explained

The Tax-Free Childcare scheme, recently launched by the government, will top up the amount eligible parents spend on childcare by 25% to a maximum contribution of £2000 per child. Who is eligible? The Tax-Free Childcare scheme should benefit many self-employed parents as well as employees who do not… read more


Automatic PAYE Tax Code Adjustments

HM Revenue and Customs are planning to use information now available from Real Time Pay As You Earn to make automatic PAYE tax code adjustments through the year, rather than waiting until the end of the tax year. Automatic PAYE Tax Code Adjustments Designed to help millions of… read more


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