TaxCalc News February

HMRC Update on off-payroll (IR35) rules

Whilst a review of the IR35 implementation plans continues in the House of Lords until the end of this month, HMRC have announced changes to the draft legislation.

 HMRC has confirmed that the new rules for contractors, working for medium and large-sized companies, will affect services provided after 6 April 2020 and will not be applied retrospectively regardless of payments made after this date. Where the services are performed by the contractor before 6 April 2020 it will continue to be the responsibility of the contractor and their personal service company (PSC) to decide if the work falls within IR35 and pay the right amount of tax to HMRC.

TaxCalc News January

Leaving the EU

The UK is leaving the European Union on 31 January 2020.

Following the General Election on 12 December 2019, the UK Government is implementing the Prime Minister’s Withdrawal Agreement meaning the UK can leave the European Union on 31 January 2020.

Our ‘No Deal’ provisions, including changes to Companies House forms and EC Sales list filing will not be implemented on 31 January 2020; however, they may at a later stage, once government have finalised details. In the meantime, we will continue to monitor the Government's negotiations with the EU and consider potential impacts at the end of the implementation period.

November news

Upcoming legislation: Ultra Low Emission Vehicles

From 6 April 2020 the car and car fuel benefit calculation is changing with the introduction of 11 new bands for ultra low emission vehicles (ULEVs) including a separate zero emissions band. This is to support the Government’s commitment to improving air quality in towns and cities. If your client’s company car has a CO2 emission figure of 1-50g/km, they will need to provide the cars zero emission mileage. This is the distance that the car can travel in miles on a single electric charge.

October news: New products, advice, MTD and more

What with all that’s going on in the world, it’s easy to get overloaded with information. So we’ve brought you the most relevant news and updates relating to your life in practice. Here’s our October roundup of some of the latest changes in legislation, plus pertinent product news and advice.

Tracy shortlisted in LDC and The Telegraph's Top 50 Most Ambitious Business Leaders

Our ambition, commitment to innovation and care for customers has made us the fastest-growing company in our sector and recently resulted in our CEO Tracy being shortlisted in the LDC/Telegraph 50 Business Leaders Awards.

MTD for VAT is here, how are you faring?

Following the introduction of MTD for VAT and the first quarterly submission deadline having just passed on the 7^th August, we’ve taken a look through 4 of the common errors encountered with the HMRC MTD portal.

Like most processes any big changes can lead to a question of ‘We can’t know what we don’t know’, if you encounter an error for the first time.

Advanced Companies House Integration and enhanced Task, Work Tracking and Deadline Management

You’ll know how committed we are to enhancing your TaxCalc experience and improving your practice’s performance.

We've listened to your feedback and have made a number of improvements to task management and enhanced the facility to sync data from Companies House.

TaxCalc to be TaxAssist’s accountancy software partner

The multi award-winning franchisor, TaxAssist Accountants has appointed TaxCalc as its new software partner.

TaxCalc will provide TaxAssist’s 200+ franchised accountancy firms with a wide portfolio of products, including final accounts production, tax, practice management and Company Secretarial packages, running on its CloudConnect platform.