Publications 

The latest accounting news & information for the public accounting profession, along with practice management advice. We regularly provide useful and practical content for this audience. Most information & News about accounting and accountants will be provide from HMRC web sit

Such as all Information about:

  • Bookkeeping & Accounting

  • VAT returns

  • CIS

  • Management Accounts

  • Year-end accounts & tax

  • Corporation Tax return

  • Self-assessment tax return

  • Partnership returns

  • Payroll​

News 1.  Beating the tax cheats

 

In the ongoing fight against tax evasion, HMRC took a range of tax fraudsters through the courts in 2016 for prosecution. HMRC’s criminal investigations have led to 679 individuals being convicted for their part in tax crimes, with sentences for 2016 totalling more than 730 years.

Many of the cases won by HMRC in 2016 involved company directors, accountants and organised criminals. These individuals were involved in a wide range of criminal activity including excise smuggling, hiding assets from HMRC in offshore accounts, and frauds disguised as tax avoidance schemes.

News 2.  VAT Returns

 

You usually submit a VAT Return to HM Revenue and Customs (HMRC) every 3 months. This period of time is known as your ‘accounting period.’

The VAT Return records things for the accounting period like:

  • your total sales and purchases

  • the amount of VAT you owe

  • the amount of VAT you can reclaim

  • what your VAT refund from HMRC is

You must submit a VAT Return even if you have no VAT to pay or reclaim.

News 3. Income Tax

 

Income Tax is a tax you pay on your income. You don’t have to pay tax on all types of income.
 You pay tax on things like:

  • money you earn from employment

  • profits you make if you’re self-employed - including from services you sell through websites or apps

  • some state benefits

  • most pensions, including state pensions, company and personal pensions and retirement annuities

  • Many More ........

You don’t pay tax on things like:

Alex & CO Accountancy LTD


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Mobile:    07886 015694
Email:      info@alex-accountancy.com
Address:
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