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Taxfile Newsletter Autumn 2014

Autumn Newsletter Ready to Download

Autumn Newsletter 2014We have just completed our Autumn newsletter for customers and anyone else interested in our services and potential ways to save money on accounting, bookkeeping and tax for small and medium-sized businesses. Included in this edition are some time-sensitive articles including ways to avoid a small price increase if you act fast, ways to save time on your bookwork by using something called ‘Bankstream’ which is supplied free to Taxfile customers, how to get an early bird fee reduction if you submit your records to us before the end of December, a reminder about the free ‘tax enquiry fee protection’ service available to our customers (a couple of small provisos apply) and lastly a ‘mind map’ diagram showing interesting and useful information about our lovely multi-lingual staff. Download the newsletter here (Acrobat PDF file: right-click to save the PDF to your hard drive then open it in Acrobat Reader. Alternatively left-click the link to view the newsletter directly in most browsers).

Standard Rate VAT 20% from 4 Jan 2011

Change to permitted VAT return submission methods

Changes to VAT return submission methodsIn a vote for common sense, HMRC has finally relaxed its requirements, under certain circumstances, in respect to the methods it allows for submission of VAT returns. Previously almost* all businesses were forced to submit VAT returns on-line while paper and telephone submission methods were phased out forcibly even for those who did not have access to a viable on-line method. We’re pleased to confirm that HMRC are now relaxing submission requirements for those businesses who can show that the on-line method is not a practical one for their particular circumstances, for example based on limitations caused by age, disability, remoteness, quality of internet connection etc. HMRC now requires those unable to file on-line to file by telephone. And if that’s not practical for similar reasons, they may then be able to submit good old-fashioned paper VAT returns. If HMRC decline both methods, the business or individual concerned will be able to appeal if it thinks it has a reasonable reason to do so.

This change of heart follows a tribunal Read more