September 2018 Newsletter

Our September newsletter brings information on HMRC confirming MTD will be relaxed during the first year for VAT-registered businesses, stamp duty tax breaks saving first-time buyers £284m, inheritance tax receipts reaching a record high of £5.2bn and SMEs citing VAT as their ‘biggest administrative headache’

HMRC confirms ‘soft landing’ for Making Tax Digital
HMRC has confirmed that digital reporting requirements will be relaxed during the first year of Making Tax Digital (MTD) for VAT-registered businesses…..
Stamp duty tax break saves first-time buyers £284m
Philip Hammond’s decision to abolish stamp duty land tax (SDLT) for most first-time buyers on all properties worth up to £300,000 saved homeowners £284 million in the first half of 2018…..
Inheritance tax receipts reach record high of £5.2bn
The Treasury fetched a record high of £5.2 billion in inheritance tax receipts last year, according to statistics published by HMRC….
SMEs cite VAT as ‘biggest administrative headache’
VAT creates the biggest administration burden for around two-thirds of businesses in the UK, research from the British Chambers of Commerce (BCC) has claimed.

Get in touch for Accountancy and Business advice.

Wishing you a successful September!
From Graeme, Sarah and all the team at SeavorChartered

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