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Macalvins is the modern face of what Chartered Accountants should be. By developing strong personal relationships with our clients we deliver first class, practical solutions and strategic advice to help business owners thrive.

Payments in lieu of notice

Payments in lieu of notice

Up to 5 April 2018, certain payments in lieu of notice were not taxable, primarily, those not contractually required to be made. This is no longer the case. Employers will ...
Why tax credit payments can change

Why tax credit payments can change

If you are claiming tax credits make sure that you keep an eye on changes that may affect the amount you receive. Your payments can go up if: your income ...
Who qualifies for the minimum wage

Who qualifies for the minimum wage

As you would expect there are a range of conditions that affect the answer to this question. We have reproduced below a summary of the main conditions to be observed. ...
Location is everything

Location is everything

Now that Wales and Scotland have devolved powers for taxation purposes, residents that live and work in the border areas with England have more planning options. Wales have their own ...
Black cabs urged to go green

Black cabs urged to go green

Britain’s black cabs now qualify for an incentive to go green as the new tax exemption for electric taxis comes into force this month. The exemption, worth £1,550, will apply ...
Offshore tax evasion

Offshore tax evasion

From 1 October 2018, HMRC will be gaining access to information from tax havens that will enable it to identify UK citizens with undisclosed offshore assets, and by inference, undisclosed ...
How long should you keep your records

How long should you keep your records?

If you are self-employed, and obliged to submit a self-assessment tax return, you must keep your tax records for at least five years after the 31 January submission deadline of ...
spring statement summary

Spring Statement summary

The Chancellor, Philip Hammond, was keen to promote the positive aspects of the UK’s economic performance when he stood to present his Spring Statement on 13 March. Employment and manufacturing ...
Claiming expenses by the mile

Claiming expenses by the mile

A reminder that employees can make a claim for the business use of their own cars, motorcycles or cycles by logging their business mileage and applying an approved mileage rate. ...
Tax and making loans to employees

Tax and making loans to employees

A reminder that making loans to your employees or their relatives can create tax problems for employees and employers. For example, the employer will have an obligation to report a ...
Spring statement 2018

Spring Statement 2018

As you would expect, the Spring Statement delivered by the Chancellor Philip Hammond, to Parliament on 13 March 2018, was peppered with party political jibes no doubt intended to lift ...
Tax-free childcare support expanded

Tax-free childcare support expanded

From 14 February 2018, tax-free childcare is available to all remaining eligible families: parents whose youngest child is under 12. The new scheme aims to help working parents with the ...
Inheritance tax in for an overhaul

Inheritance tax in for an overhaul?

The Office for Tax Simplification (OTS) has been tasked by government to review key aspects of the inheritance tax (IHT) legislation. According to information posted to the government’s website recently, ...
What is in a name

What is in a name

A company, Casio Services Ltd (CSL), had been registered with Companies House since June 2016, and after that confirmation by Companies House the directors would no doubt have felt that ...
Getting ready for Making Tax Digital (MTD)

Getting ready for Making Tax Digital (MTD)

The government has back-tracked on their original proposal to digitise taxpayers’ affairs. The original plan, to have most self-employed traders and landlords uploading accounts and VAT data from April 2018, ...
Unexpected VAT charge for UK importers

Unexpected VAT charge for UK importers

With no agreement on tariffs, the UK will be treated as any other non-EU trading nation post Brexit. Consequently, UK importers would be required to make an up-front VAT payment ...
Biker club wins VAT case

Biker club wins VAT case

Many clubs offer members a range of services for their membership fee. For example, membership may include a members’ magazine. Ordinarily, a magazine subscription should be zero rated for VAT ...
Does your employer still pay for your private fuel

Does your employer still pay for your private fuel?

As we are approaching the end of yet another tax year, it is worth repeating our suggestion that highlights the cash benefit to company car drivers and their employers, of ...
Capital Gains Tax opportunities

Capital Gains Tax opportunities

This is an appropriate time of the year to consider your capital gains tax position if you have already disposed (or are considering a disposal) of an asset subject to ...
Dividend allowance reduction

Dividend allowance reduction

From April 2018, the £5,000 tax-free dividend allowance is reducing from £5,000 to £2,000. Does this mean that converting from self-employed to a limited company arrangement to save tax and ...

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