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Monthly Archives: February 2019

HMRC\’s drive towards digitisation

Digitisation is simply the conversion of text, pictures, numbers and sound into a form that can be processed by a computer. Add to this the replacement of feet on the ground with algorithms and programs that respond to certain criteria … Continue reading

Posted in Business

What is TSP?

HMRC have issued a letter to VAT registered traders that either export or import goods to and from the EU. They are introducing new Transitional Simplified Procedures (TSPs) for customs purposes. For importers the text says: HMRC is introducing new … Continue reading

Posted in Business

How lean is your business?

There are obvious benefits to your personal wellbeing if you sweat it out at the gym three times a week: improved stamina, enviable muscle tone, endorphin buzz and unwanted pounds shed. But could your business benefit from a similar process? … Continue reading

Posted in Business

Parliament eases through Finance Act 2019

According to a recent government announcement, 32 million people will be better off as the Finance Bill 2018-19 receives Royal Assent.   Treasury pundits who wrote the announcement said: A basic rate taxpayer will payat least £1,200 less income tax than they … Continue reading

Posted in Business

Goodbye 2017-18 and hello to 2018-19

The deadline for filing 2017-18 self-assessment tax returns without paying a penalty for late submission has passed (31 January 2019). But a new and pressing deadline now presents itself: 5 April 2019. As we have outlined in previous posts, most … Continue reading

Posted in Business