Tax Diary April/May 2018
Please find below the most important tax dates for March and April 2018.
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 the relevant tax year.
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.
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 UK income and taxable gains.
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.
Inviting views on future changes to the tax system
Inviting views on future changes to the tax system. These will include:
Progress since Autumn Budget 2017
Progress since Autumn Budget 2017 items cited included:
Economy and fiscal forecasts
The Chancellor’s message in this part of his presentation was upbeat but cautious. He would consider relaxing his expenditure criteria, but only if the positive indicators continued.
Customer Service Excellence Model for Best Business
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Using Financial Forecasts to Drive Growth and Profitability
Client - Nicole and John McGee started Busy Bee’s Cleaning Service five years ago. The business services homes, offices, schools and corporate clients.
Advantages Of Forecasting
Financial forecasts assist in managing your finances. They are future predictions of your business finances, as compared to statements, which provide details of actual results of progress.