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March 2019 Tax Tips and News

Welcome…
To Spring Statement 2019, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman.

We are committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here to help!

Summary

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Chancellor Philip Hammond has delivered his 2019 Spring Statement to the House of Commons. A supporting Written Ministerial Statement (WMS) provides more detail on some of the announcements in the Spring Statement, and sets out details of other forthcoming government policies.

Mr Hammond opened his Statement by acknowledging that the most urgent task at present is to ‘lift the uncertainty’, but he also added a positive note, stating that the ‘economy itself is remarkably robust’.

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March 2019 Newsletter

Getting ready for Making Tax Digital with Receipt Bank

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MJH Accountants are here to help

Making Tax Digital is fast approaching, but have no fear MJH Accountants are here to guide you through the new legislation.

 

How does MTD affect me?

For those of you unware, Making Tax Digital (MTD) is HMRC’s new approach to online taxes, one of the most important being the new rules for submitting VAT. From 1st April 2019 all VAT returns will have to be submitted digitally through specialised (and approved) software. For our clients, this means you must use a software package such as Xero. We have already contacted those of you who are not yet compliant and provided you with some options. However, if there are any of you who need further information, please do get in touch.

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