News

  1. Automatic Enrolment

    Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it. This is called ‘automatic enrolment’. If you employ at least one person you are an employer and you have certain legal duties. If you become an employer and employ at least 1 member…

  2. Making Tax Digital – Latest Update from HMRC

    Ministers have announced the next steps for the Finance Bill 2017, under which three million of the smallest businesses and landlords will be able to move to the new digital system for keeping tax records at a pace that is right for them. As we have informed you before, Making Tax Digital will help bring…

  3. Making Tax Digital or MTD

    You may have heard or seen stories relating to some major changes that have been proposed by the government and H M Revenue and Customs. So what is MTD? It is a bold and innovative initiative to bring the UK tax system up to date for the new digital age, or so ‘they’ say. They…

  4. Budget March 2017

    Not sure quite what happened in the Budget? Worried about how the changes could affect you? Here are two documents for you to read and download if you wish which contain all the facts and lots of figures. One document is a summary of the Budget statements and intentions, and the other shows all the…

  5. National Minimum Wage: New Rates From April 2017

    Did you know the National Minimum Wage is changing again? At Vincent & Co we aim to keep you up-to-date with all the latest news from HMRC, so here are the details of the new National Minimum Wage: Effective from April 2017 the National Minimum Wage rates will be increasing again. Please be aware that…

  6. Do You Need to Submit a Tax Return?

    Many people are not sure if they need to send a tax return to HMRC.  This article gives you advice direct from them but if you are still unsure then please contact Vincent & Co. for a confidential meeting to discuss your personal situation.   You’ll need to send a tax return if, in the…

  7. Christmas Holiday Opening Times

    The Christmas holidays are fast approaching and at Vincent & Co. we are all looking forward to enjoying ourselves! We will be closing our offices for the festivities at 4.00pm on 23rd December and re-open on 3rd January at 8.30am. If you need to contact us outside of these times please let us know and we will…

  8. VAT Returns – Remember to Keep Records

    It’s a basic check that needs to be done every year – reconciling the sales reported on your VAT returns to those in your annual accounts. HMRC will do this, so if there are differences, the tax inspector is likely to ask questions. There are several reasons why the sales reported in your accounts may…

  9. Tax Paid By Deceased Estates

    When an individual dies it can take months or even years to wind up the estate and pay out the funds to all beneficiaries. In the meantime, those funds may earn bank interest. Since 6 April 2016, interest from banks, building societies and NS&I is paid without tax deducted, but it is taxable. Most people…

  10. Surprise! Surprise! HMRC Calling

    According to recent reports HMRC has increased the number of small business investigations and they continue to be seen as soft targets. About 7% of tax inspections are random, the majority are triggered because HMRC believes that something is wrong. What can you do to reduce your chances of being selected? File your tax returns…

  11. Limited Companies: Annual Return to be a ‘Confirmation Statement’

    On 30th June the document we know fondly as the Annual Return is to be replaced by a new ‘Confirmation Statement’.

  12. Cash Sales Business? Check your Cash Register Records Carefully

    As the owner or manager of a cash sales business, how often do you check the records on your cash register?