Ross McConnell - Kinross Based Chartered Accountant

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Is Dealing With Your Tax Return Giving You Wrinkles?

by ROSS MCCONNELL on SEPTEMBER 09, 2019

Anyone Remember The Jaffa Cake Debate? The old adage used to be that there were only two certainties in life: death and taxes.  Now, with Making Tax Digital, it seems there’s even less opportunity to escape the latter.  Everyone knows that dealing with tax is never straightforward - whether it’s quarterly VAT returns, Corporation Tax or your personal Income Tax. In fact The American Psychological Association acknowledges the link between tax deadlines...

 
Domestic Reverse Charge

JULY 01, 2019

Tax needn’t be taxing… but the Domestic Reverse Charge might be an exception If you work in the construction sector then HMRC’s new Domestic Reverse Charge (DRC) regulation means there is a good chance you will find the new VAT requirements a bit taxing to understand, let alone implement correctly. What is DRC? From 1 October 2019 DRC applies to qualifying work under the Construction Industry Scheme (CIS), which includes: · Groundworks or...

No Holiday In Sight With Digital Tax

MAY 20, 2019

You might be feeling totally on top of making tax digital for VAT, which affected all businesses with a taxable turnover above £85,000 from 1 April 2019. Perhaps you’ve already submitted your first successful online return? If so, congratulations! But don’t relax just yet. HMRC has now announced that landlords with furnished holiday lets will be the next target audience to participate in a digital trial – this time for income tax,...

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