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All news by: Stuart Datlen

What are the rules when using a private vehicle for business journeys?

Employers can pay employees a fixed rate per mile to cover the costs of using their own vehicles on company business.

What are the rules when using a private vehicle for business journeys?

Employers can pay employees a fixed rate per mile to cover the costs of using their own vehicles on company business.

Can you claim the 2021/22 marriage allowance?

The allowance enables married couples or those in civil partnerships to transfer part of their personal allowances if one partner receives income under their Personal Allowance threshold of (usually) £12,570 and the other is a basic rate taxpayer.

CAN YOU CLAIM THE 2021/22 MARRIAGE ALLOWANCE?

The allowance enables married couples or those in civil partnerships to transfer part of their personal allowances if one partner receives income under their Personal Allowance threshold of (usually) £12,570 and the other is a basic rate taxpayer.

Tax Diary February and March 2022

Key dates for your tax diary in February and March 2022.

January tax payment reminders

As you will see from our latest tax diary, there are two significant tax payment deadlines in January.

NIC increase to affect all employed and self-employed workers from April 2022

Boris Johnson has announced a rise in National Insurance contributions and dividend tax to raise £36bn over the next three years for health and social care reform.

The Statutory Sick Pay (SSP) rebate scheme is closing soon

The COVID-19 Statutory Sick Pay (SSP) Rebate Scheme was introduced to allow eligible employers with fewer than 250 employees to apply to HMRC for reimbursement of statutory sick pay (SSP) for employees' sickness absences resulting from COVID-19.

Can you claim the marriage allowance?

The allowance enables married couples or those in civil partnerships to share their personal tax allowances if one partner earns an income under their Personal Allowance threshold of £12,570 and the other is a basic rate taxpayer.

How the Margin Scheme accounts for VAT when selling second-hand vehicles

If you run a business that sells second-hand vehicles and you have not been charged VAT when purchasing the vehicles, using the Margin Scheme could potentially save you some money.

Covid-19 and benefits in kind – Matters to consider when reporting expenses and benfits in kind on P11Ds for 2020/21

There are many expenses and benefits in kind which will need to be reported, however there are some exemptions for expenses associated with working from home. 

Advisory Fuel Rates for company cars until 1 June 2021

HMRC recently released the Advisory Fuel Rates (AFR). The AFR will only affect company car users and will last until 1 June 2021 when the next quarter's rates will be applied.

How can you maximise your cash before the end of the tax year?

Tax planning might not sound like the most exciting way to spend your time, however it could have a significant effect on your finances. As the 2020/21 tax year draws to a close there are multiple considerations for what you can do to utilise your cash before the limitations reset as well as planning ahead for the future.

How can UK exporters make simplified declarations?

You can make a simplified declaration before you export your goods. This is called ‘presenting’ your goods to customs. The first part of your declaration does not need as much information as a full declaration. When it’s approved, you can export your goods or move them from your premises. 

Repay private petrol and save tax

Is the myth of having your private fuel costs for your company car covered by your employer being a good thing, true?

What support grants are available for pubs?

Eligible pubs have the opporunity to apply for "wet-led pubs" support grant as well as the "Local Restrictions Support Grant (LRSG (Closed) Addendum)".

Customs changes from 1 January 2021

Many smaller businesses will not have the resources to train and employ their own customs clearance staff in which case you may have to consider using a customs agent or broker. 

£1,000 Christmas grant for wet-led pubs

Prime Minister Boris Johnson has announced an additional £1,000 grant for “wet-led pubs” in tiers 2 and 3 who will unfortunately not have the opportunity to open or operate fully during the Christmas holiday period. 

Are you eligible for the Bounce Back Loan Top Up?

Lenders that had previously offered bounce back loans (BBL) are now able to offer borrowers a top up if they originally took out less than the maximum amount. 

Cash back at all shops

Brits will be able to get cashback from shops without needing to buy anything under new proposals to protect the UK’s cash system announced 15 October 2020.

New financial support measures announced

In his third statement delivered on 22 October, the Chancellor has significantly revised previously announced measures to help protect jobs across the UK whilst the country faces a fresh spike of the virus and a winter of uncertainty.

UK residence and tax

Your UK residence status affects whether you need to pay tax in the UK on your foreign income. 

Our Southampton office relocates

Moore (South) LLP – a leading top 15 accountancy and business advisory firm based in Southampton has marked the start of 2020 by relocating from Southampton’s High Street to Ocean Village.

Our Southampton office relocates

Moore (South) LLP – a leading top 15 accountancy and business advisory firm based in Southampton has marked the start of 2020 by relocating from Southampton’s High Street to Ocean Village.

Update on the VAT reverse charge for building contractors

From 1 October 2019, contractors who employ subcontractors, will need to assume responsibility for declaring and paying the VAT that was previously settled by their VAT registered subcontractors.

Claiming back VAT on a vehicle purchase

Generally speaking, the purchase of any vehicle where there is any element of private use means any reclaim of VAT may be restricted. HMRC’s website offers the following guidance:

How will the VAT reverse charge for construction work?

From 1st October 2019 a VAT reverse charge will apply in the UK to supplies of construction services, this will mean that around 300,000 construction businesses will be required to change their accounting systems.   

How will the reverse VAT charge for construction work?

From 1st October 2019 a VAT reverse charge will apply in the UK to supplies of construction services, this will mean that around 300,000 construction businesses will be required to change their accounting systems. 

How will the reverse VAT charge for construction work?

From 1st October 2019 a VAT reverse charge will apply in the UK to supplies of construction services, this will mean that around 300,000 construction businesses will be required to change their accounting systems. 

Most small businesses receive funding boost

The overwhelming majority of small businesses that applied for finance in the first six months of 2018 were successful, statistics show.

Most small businesses receive funding boost

The overwhelming majority of small businesses that applied for finance in the first six months of 2018 were successful, statistics show.

Claiming back VAT on a vehicle purchase

Generally speaking, the purchase of any vehicle where there is any element of private use means any reclaim of VAT may be restricted. HMRC’s website offers the following guidance:  

Claiming back VAT on a vehicle purchase

Generally speaking, the purchase of any vehicle where there is any element of private use means any reclaim of VAT may be restricted. HMRC’s website offers the following guidance:  

Disqualified from acting as a director

When a director has been found guilty of mismanagement verging on fraud, one of the remedies that the courts can impose is disqualification as a director. But what does this actually mean?  

Disqualified from acting as a director

When a director has been found guilty of mismanagement verging on fraud, one of the remedies that the courts can impose is disqualification as a director. But what does this actually mean?  

Reporting tips for building contractors

HMRC recently published a list of helpful reminders regarding the submission of monthly returns to HMRC. This article lists some of the points highlighted.  

Reporting tips for building contractors

HMRC recently published a list of helpful reminders regarding the submission of monthly returns to HMRC. This article lists some of the points highlighted.  

Banks to introduce name checks on online payments in effort to combat authorised push payment (APP) fraud

The BBC reported last week that nearly £150m was stolen between January and July this year after bank customers were duped into transferring money into fraudsters’ bank accounts.

Banks to introduce name checks on online payments in effort to combat authorised push payment (APP) fraud

The BBC reported last week that nearly £150m was stolen between January and July this year after bank customers were duped into transferring money into fraudsters’ bank accounts.

Selling your business? Here are the key steps in the sale process

The decision to sell your business is a significant step, so it’s important you’re prepared and understand the process.

Location is everything

Now that Wales and Scotland have devolved powers for taxation purposes, residents that live and work in the border areas with England have more planning options.

Location is everything

Now that Wales and Scotland have devolved powers for taxation purposes, residents that live and work in the border areas with England have more planning options.

Moore relaunch the Owner Managed Business Award Category for the South Coast Business Awards

We are proud to be relaunching the Owner Managed Business award category for the South Coast Business Awards. ​

Moore relaunch the Owner Managed Business Award Category for the South Coast Business Awards

We are proud to be relaunching the Owner Managed Business award category for the South Coast Business Awards. ​

Claiming expenses by the mile

A reminder that employees can make a claim for the business use of their own cars, motorcycles or cycles by logging their business mileage and applying an approved mileage rate. 

Claiming expenses by the mile

A reminder that employees can make a claim for the business use of their own cars, motorcycles or cycles by logging their business mileage and applying an approved mileage rate. 

2018 car tax bands - will it affect me?

New rules for car tax (Vehicle Excise Duty) come into force this year and unfortunately, it can mean a substantial hike in tax for some drivers if your car was first registered on or after 1 April 2017, especially if your car is a diesel vehicle. 

2018 car tax bands - will it affect me?

New rules for car tax (Vehicle Excise Duty) come into force this year and unfortunately, it can mean a substantial hike in tax for some drivers if your car was first registered on or after 1 April 2017, especially if your car is a diesel vehicle. 

Does your employer still pay for your private fuel?

As we are approaching the end of yet another tax year, it is worth repeating our suggestion that highlights the cash benefit to company car drivers and their employers, of reimbursing the cost of fuel provided for private motoring. The rates have been updated for 2017-18.

Does your employer still pay for your private fuel?

As we are approaching the end of yet another tax year, it is worth repeating our suggestion that highlights the cash benefit to company car drivers and their employers, of reimbursing the cost of fuel provided for private motoring. The rates have been updated for 2017-18.

Quiz night raises over £4,000 for Children's Charity

Southampton based chartered accountants Moore organised a charity quiz night at The New Forest Hotel, Ashurst and raised over £4,000 for the local Honeypot Children’s Charity.  

Quiz night raises over £4,000 for Children's Charity

Southampton based chartered accountants Moore organised a charity quiz night at The New Forest Hotel, Ashurst and raised over £4,000 for the local Honeypot Children’s Charity.  

MOT exemptions for cars over 40 years old comes into place in May 2018

It has been announced by the Department for Transport that classic cars over 40 years old will become exempt from MOT testing, however owners can voluntarily elect for an MOT if they feel that it is necessary.  

MOT exemptions for cars over 40 years old comes into place in May 2018

It has been announced by the Department for Transport that classic cars over 40 years old will become exempt from MOT testing, however owners can voluntarily elect for an MOT if they feel that it is necessary.  

Innovation: Look for a good problem to solve

In today's rapidly evolving business environment, innovation is key to the growth (and indeed, survival) of most firms. Many of us are constantly on the look-out for an innovative new idea.

Innovation: Look for a good problem to solve

In today's rapidly evolving business environment, innovation is key to the growth (and indeed, survival) of most firms. Many of us are constantly on the look-out for an innovative new idea.

Moore (South) LLP Launch the Owner Managed Business Award Category

We are proud to be launching the Owner Managed Business category for the South Coast Business Awards.  

Moore (South) LLP Launch the Owner Managed Business Award Category

We are proud to be launching the Owner Managed Business category for the South Coast Business Awards.  

Is Your Employer Still Paying For Your Private Fuel?

​It is worth repeating an article we first published March 2016 that highlighted the cash benefit to company car drivers and their employers, of reimbursing the cost of fuel provided for private motoring. The rates have been updated for 2016-17.

Is Your Employer Still Paying For Your Private Fuel?

​It is worth repeating an article we first published March 2016 that highlighted the cash benefit to company car drivers and their employers, of reimbursing the cost of fuel provided for private motoring. The rates have been updated for 2016-17.

100% tax relief for low emission cars

Currently 100% capital allowances are available when a business buys a motor car with CO2 emissions of no more than 75 grams per kilometer. Legislation has now been passed to reduce the threshold to just 50 grams from April 2018 but also to continue the tax relief for 3 years until 2021.

100% tax relief for low emission cars

Currently 100% capital allowances are available when a business buys a motor car with CO2 emissions of no more than 75 grams per kilometer. Legislation has now been passed to reduce the threshold to just 50 grams from April 2018 but also to continue the tax relief for 3 years until 2021.

Claiming back VAT on a vehicle purchase

Generally speaking, the purchase of any vehicle where there is any element of private use means any reclaim of VAT may be restricted. HMRC’s website offers the following guidance:  

Claiming back VAT on a vehicle purchase

Generally speaking, the purchase of any vehicle where there is any element of private use means any reclaim of VAT may be restricted. HMRC’s website offers the following guidance:  

Scrapping of paper vehicle tax discs costs DVLA almost £100m as revenue plummets

In 2014, the DVLA scrapped the displaying of a paper tax disc, as for the first time in 90 years drivers would resort to a new procedure and meet the new rules, by renewing their car tax by phone, DVLA website or at the post office. 

Scrapping of paper vehicle tax discs costs DVLA almost £100m as revenue plummets

In 2014, the DVLA scrapped the displaying of a paper tax disc, as for the first time in 90 years drivers would resort to a new procedure and meet the new rules, by renewing their car tax by phone, DVLA website or at the post office. 

Company car drivers and private fuel

Since the tax on private fuel provided with company cars is so high, many employers now have an arrangement whereby they no longer pay for private fuel. In this case, the employee must reimburse the employer for private fuel included in petrol bills paid by the employer. Otherwise, the employee may face a tax charge.

Company car drivers and private fuel

Since the tax on private fuel provided with company cars is so high, many employers now have an arrangement whereby they no longer pay for private fuel. In this case, the employee must reimburse the employer for private fuel included in petrol bills paid by the employer. Otherwise, the employee may face a tax charge.