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Monthly Archives: February 2019

What was all the fuss about?

Last year, the 23 May 2018 to be precise, the UK adapted the General Data Protection Regulations (GDPR). The deadline created a rush of publicity and activity as businesses across the UK pored over their data processing systems, making changes … Continue reading

Posted in Business

Happy days

In what amounts to a single-issue mini-budget the Treasury posted a welcome announcement for the manufacturers and consumers of alcoholic products last week. They said: The Chancellor announces that alcohol duties are frozen From today, (1 February 2019) taxes on … Continue reading

Posted in Business

How to cope with recession

Recession literally means “the act of going back, of receding…” Economic pundits have hijacked the word to mean “a period of temporary economic decline during which trade and industrial activity are reduced…”. It is usually heralded by a fall in … Continue reading

Posted in Business

Tax Diary February/March 2019

1 February 2019 – Due date for Corporation Tax payable for the year ended 30 April 2018. 19 February 2019 – PAYE and NIC deductions due for month ended 5 February 2019. (If you pay your tax electronically the due … Continue reading

Posted in Business

What can you give away before the end of the tax year?

You can give away £3,000 worth of gifts each tax year (6 April to 5 April) without them being added to the value of your estate. This is known as your ‘annual exemption’. You can carry any unused annual exemption … Continue reading

Posted in Business