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Be informed about statutory changes that may effect your organisation

Find out about new features and how you can benefit from them.

1st May 2019

The right tool for the job

Charity

Charities face the same regulatory pressures as commercial organisations but, in addition, must also deal with complex sector-specific reporting requirements intended to demonstrate good stewardship to supporters and regulators alike.

1st February 2019

MTD - What you need to know

VAT

We've all heard about it and after some delays Making Tax Digital (MTD) will now come into effect from 1st April 2019 and apply for your first VAT period starting after that date.

1st February 2019

Accounting basis selection

Charity

Charities with a gross income below £250,000 and who are not registered as a company have the option, as long as their governing document does not require their charity's annual accounts to be prepared as accruals accounts, of preparing receipts and payments accounts.

1st January 2019

MTD - Is your business caught?

VAT

HMRC are changing the mechanism by which you file your VAT Return and, for your first Return after 1 April (i.e. for those filing quarterly the VAT period ending 30 June onward), you must file under Making Tax Digital (MTD).

1st January 2019

Budgeting made easy

Operations

If you dislike budgeting as much as we did you will understand why we have developed a tool that makes your budget creation so simple you will look forward to it.

1st January 2019

Easy Gift Aid claims

Charity

The Gift Aid scheme is well known in the charity sector and provides a welcome 25% boost to donation income. There is no limit to how often you can file your claim with HMRC so, if you have processes in place to be able to claim regularly.

1st January 2019

VAT Refund Scheme

Charity

HMRC has updated VAT Notice 1001 on the VAT Refund Scheme for qualifying charities.

1st January 2019

Payrolling benefits

Payroll

This year saw the optional payrolling of benefit and expenses by HMRC which, according the HMRC website, - allows you to payroll tax on benefits and expenses without having to submit a form P11D after the end of the tax year

1st January 2019

theFSI exclusive offer to members

Charity

Liberty Accounts have been delighted to work with theFSI for a number of years and would like to offer a fantastic saving to their membership.

1st November 2016

New Flat Rate VAT rules

VAT

From 1st April 2017 new rules regarding Flat Rate VAT will be applied that may affect your business.

1st December 2016

Gift aid small donation scheme

Charity

In December 2016 the Small Charitable Donations and Childcare Payments Bill was enacted. It was designed to simplify and strengthen the Gift Aid Small Donations Scheme, and will come into effect at the start of the the 2017/18 tax year.

1st July 2016

Local Charity Day

Charity

The government, thanks in no small part to the work of organisations such as Foundation for Social Improvement which provides the voice for smaller charities with policy makers and the public: is keen to encourage more giving to small and local civil society organisations.

1st April 2016

Dividend Allowance

Commercial

From 6th April 2016 the Dividend Tax Credit will be replaced by a new, tax-free, Dividend Allowance. The new Dividend Allowance means that you won't have to pay tax on the first £5,000 of your dividend income.

1st February 2016

Where is your data held?

Operations

The EU's highest court ruled, on 6th October 2015, that a legal mechanism enabling companies to transfer personal data between the EU and the US is invalid. The Court of Justice of the EU (CJEU) said the “safe harbour” regime does not provide adequate data protection, as required by EU law when personal data is sent outside of the European Economic Area.

1st January 2016

HMRC issues first in-year penalty notices

Payroll

Shortly a number of businesses with fewer than 50 employees, who missed their deadline for sending PAYE information to HMRC, will receive their first in-year penalty notices.

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