Author Archives: Jane Maclachlan

Notify option to tax land and buildings within 30 days

If you are notifying HMRC of a decision to opt to tax land and buildings, you are normally required to notify HMRC within 30 days. The 30 day deadline was temporarily extended to 90 days to help businesses and agents during the pandemic, but that temporary extension has now ended for decisions made from 1…

We are hiring – Office Administrator – Penrith Office

Saint & Co Chartered Accountants are looking to hire an office administrator to join our Penrith Office. Saint & Co are a well-respected firm, and we pride ourselves on being a diverse accountancy firm that can personalise our services to all sectors of the community. Our offices are based across Cumbria and South West Scotland…

September is the last month for CJRS “furlough” grants

The Government are pulling the plug on support to employers for furloughed staff at the end of September as they anticipate that the economy will be back to normal by October. The grant claims for employees furloughed in the month of September are 60% of the employee’s usual pay up to a maximum cap of…

Customs Declaration Service to become UK’s single customs platform

HMRC will be closing its Customs Handling of Import and Export Freight (CHIEF) system on 31 March 2023. From this date, all businesses will need to declare goods through the Customs Declaration Service (CDS). CDS is currently used for Northern Ireland and Rest of World declarations. Ahead of the 31 March 2023 complete closure, services…

Accounting for Import VAT on your VAT return

HMRC have recently updated their guidance on accounting for VAT on goods imported from outside the UK which, since Brexit, includes the European Union. Businesses registered for VAT in the UK can account for import VAT on their VAT Return for goods imported into: Great Britain (England, Scotland and Wales) from anywhere outside the UK…

VAT rate change for the hospitality and tourism sector

The hospitality and tourism sector has been enjoying a reduced rate of VAT (5%) since 12 July 2020. It applies to most supplies made by hotels, tourist attractions, members’ clubs and most places that host events. It also applies the food and drink served in those premises, hot takeaway food and drink, but not alcoholic…

Off-payroll working, will HMRC accept CEST result?

Since 6 April 2021 large and medium-sized organisations have had to determine whether or not a worker supplying their services via their own personal service company would be treated as an employee if directly engaged. HMRC suggest organisations use their Check Employment Status for Tax (CEST) tool on their website to check the worker’s status,…

Making Tax Digital for VAT (MTDfV)

As you may have heard, HM Revenue & Customs have already started implementation of MTDfV, however, the first phase introduced a couple of years ago was only necessary if your VAT registered business had a turnover above the VAT threshold, currently £85,000. If your business is VAT registered, but is not already filing MTD VAT…