Treatment of employee benefits is changing

Form P11D is the current method of reporting where employees and directors have been provided with some type of “benefit”, with a financial value, instead of receiving income. However, it can be tiresome with smaller “niceties” like flowers.

HMRC changes approach on online VAT filing

Filing VAT returns online was made more or less compulsory for most business owners since April 2012. However, HMRC have had to recently change their approach. Subsequently, from 1 July 2014, paper & telephone filing is now an acceptable.