• Self-Assessment Deadline Missed by Nearly Two Million People

    Nearly two million people missed the filing deadline for tax self-assessment on 31 January. Find out what to do if you are filling late.

    Tax
    Published 19.02.21
  • Opt-in to the VAT deferral new payment scheme

    Opt-in to the VAT deferral new payment scheme

    The VAT deferral new payment scheme allows you to pay your deferred VAT over a longer period. Learn how you can opt-in to the scheme.

    Tax
    Published 12.02.21
  • Using the VAT Reverse Charge for CIS in 2021

    When must I use VAT reverse charge for building and construction services in 2021?

    In 2021 new rules come in for use of the domestic VAT reverse charge. Read about the changes that come in from 1 March.

    Services
    Published 20.01.21
  • Tax Gap in the UK Reaches Lowest Recorded Rate

    HMRC are always pushing to close that tax gap. But how close did they get in 2018-19? A recent NAO report has revealed just that!

    Tax
    Published 18.09.20
  • VAT and the Eat Out to Help Out Scheme

    We clear up any confusion around VAT and the Eat Out to Help Out scheme. Read more to learn how VAT is charged on the bill during the scheme.

    COVID-19
    Published 03.08.20
  • VAT Reductions for the Hospitality Sector 

    The new VAT Reductions for the hospitality sector have been made live. Check now to find out what your business will be saving.

    COVID-19
    Published 15.07.20
  • Christmas: The Tax Implications of Gifting

    Everyone likes to be able to give gifts, especially around Christmas time but what are the tax implications of doing this through your business?

    Tax
    Published 12.12.19
  • Tax Year personal tax rate changes and allowances 2019/20

    Personal Tax These come into force from the 2019/20 tax year including, an increase to the personal allowance and higher rate threshold, changes to residential inheritance tax and capital gains tax regime for non-UK residents Personal allowance and higher rate threshold The personal allowance increases on 6 April 2019 to £12,500 from £11,850. This will

    Tax
    Published 02.04.19
  • Spring Statement Simplified

    In amongst all the talk around Brexit (deal or no deal), GDP, debt repayments, deficits, political posturing etc, team Whyfield has gone through the pain of listening to it all so that we could pluck out the meaningful stuff for you and your business. Here’s what you need to know… Growth 1.2% growth predicted for

    Budget
    Published 13.03.19
  • Self-Assessment Tax Return Penalties

    Based on recent years HMRC will potentially issue at least 1 million late filing penalties.  It is important to be ahead of the game in terms of advising clients who have failed to meet the filing obligation and to be able to address disputes with HMRC. Finance Act 2009, Schedule 55 and Schedule 56 reformed

    Tax
    Published 22.02.19
  • More tax returns than ever

    That’s a record number of tax returns completed for Whyfield!  Thank you to all of our clients for putting their trust in us and to our dedicated team on going the extra mile at the busiest time of the year in accountancy.  Interestingly, it was a UK record too… More than 11.5million taxpayers (93.68%) submitted

    Tax
    Published 07.02.19
  • Guest blog: Financial resolutions (part 2)

    Financial resolutions (part 2) In the second part of our New Year’s resolutions (the first was on debt management), I’ll cover some of the broader financial planning tips. As with all New Year’s resolutions, to give yourself the greatest chance of success, trying to do too much is a recipe for disaster. A hill too

    Tax
    Published 09.01.19