Tax Tips & News

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01/07/2018

July Tax Tips & News

Welcome to the John Murphy & Company (Scotland) Limited Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.

If you need further assistance just let us know or send us a question for our Question and Answer Section.

We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here to help!

MTD update

HMRC's pilot of Making Tax Digital (MTD) for income tax has been extended and is now able to accept quarterly updates from individual landlords with simple tax affairs. Agents can also sign up clients to pilot. The latest extension means that certain Read More...

EU mandatory tax disclosure rules take effect

HMRC have released interim guidance for agents on the new EU Mandatory Disclosure Rules and new reporting requirements for intermediaries, which apply from June 2018.

Under the new mandatory EU tax disclosure rules, information will be exchanged betwe Read More...

CGT payment date under consultation

The Association of Taxation Technicians (ATT) is warning that owners of second homes and buy-to-let (BTL) landlords may face a much shorter period in which to pay any capital gains tax (CGT) due on property sales from April 2020.

Where CGT is due, a d Read More...

HMRC continue to face issues with TRS

HMRC's new Trusts Register is designed to provide a single point of access for trustees and their agents to register and update their records online, replacing the paper 41G(Trust) form (which was withdrawn from April 2017) and the ad hoc process for trus Read More...

July questions and answers

Q. I am a company director and usually work from an office in London. However, I will shortly be relocating to France for a couple of months and will be working from there. Will I be able to claim travel expenses whilst I'm abroad? Read More...

July key tax dates

5 - Deadline for PAYE settlement agreement for 2017/18 6 - Deadline for 2017/18 forms P11D and P11D(b) to be submitted and copies of P11D to be issued to relevant employees Deadline for employers to report share incentives for 2017/18 Read More...

About Us

John Murphy & Company (Scotland) Limited Accountants are based in Glasgow and Lanarkshire, offering local business owners and individuals a wide range of services.

All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website johnmurphyca.co.uk for more information.

Castle Chambers 67 Main Street Bothwell Glasgow Lanarkshire G71 8ER

John Murphy & Company (Scotland) Limited is a trading name of John Murphy & Company (Scotland) Limited