Making Tax Digital

The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to “build back better” with ambitions to level up and reduce regional inequality. Main Budget proposals Tax measures include: a new temporary business rates relief in England for eligible retail, hospitality and leisure properties for… Read more

Nigel Atkinson from Hunter Gee Holroyd and Jamie Eddy from Xero are presenting at the next York Residential Landlords Association event on 8th June 2021: ‘Making Tax Digital for Landlords – How to get prepared for 2023’. Visit the link to book your place: https://bit.ly/3eXlHyl This is a members-only event, however, non-members are allowed to attend… Read more

We have been a proud partner of Xero for a number of years now, helping our clients discover the huge benefits on offer from the world’s leading cloud accounting platform. We are delighted to announce that our expertise with the software has now seen us achieve Xero Platinum Partner status – the very highest rung… Read more

The government has recently announced Making Tax Digital legislation will extend MTD to low turnover businesses and eventually to the realm of income tax. Presently, only businesses with an annual turnover in excess of £85,000 must file returns using approved software and keep a digital record of transactions. However, from April 2022, all VAT registered… Read more

Businesses participating in Making Tax Digital for VAT have until 1 April 2021 to meet the requirement to have ‘digital links’ within their recordkeeping in light of the coronavirus pandemic. To ease the burden on businesses during the COVID-19 crisis, HMRC has confirmed that it is allowing more time for participants in MTD for VAT to… Read more

Welcome to our Winter edition of Making a Difference with a round-up of the latest news. We all know that talking about the weather is a pre-requisite if you live in the United Kingdom. Rain has been in abundance this year, but how are businesses weathering the Brexit storm? Check out our 5-step crisis planning… Read more

“Hunter Gee Holroyd helped me initially with some training but to be honest the software is so intuitive that it’s now second nature.” Rusholme Grange is a three-generation farm, situated on the banks of the River Ouse outside the village of Drax. Phil and Anne Roberts run the family farm, which mainly grows wheat and… Read more

Types of business structure When first thinking about how to start a business, not many people worry about structure. But your business structure can affect how you’re treated by the government and by the law. Here are some of the ins and outs. Business structures and their effects The main types of business structure are… Read more

Many of the 1.2 million businesses affected by the new rules will be required to submit their first quarterly return to HMRC using software by 7 August. Businesses with an annual turnover above £85,000 are being urged by HM Revenue and Customs (HMRC) to sign up to Making Tax Digital (MTD) before the 7 August VAT filing… Read more

Eligible businesses with a taxable turnover over the VAT threshold of £85,000 had to register for Making Tax Digital to submit their VAT returns from 1 April 2019. Businesses initially affected by this new initiative include sole traders, partnerships, LLPs, landlords and charities. The start date for some businesses has been deferred to 1 October 2019,… Read more