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What’s happening?

Here you can keep up to date with our latest news, as well as the latest goings-on in the world of accounting.

We’re delighted to announce one of the biggest and most exciting changes to the way we work at Farnell Clarke. From 1st February 2019 our staff will be able to work six-hour days, with total flexibility of when, where and how they wo... Read More

The P85 form should be completed by individuals or their agents to advise HMRC that have left the UK to live or are going to work abroad for at least one full tax year.  The completion of the P85 form will ensure that an individual leaving... Read More

Most age related tax allowances have been phased out. However, the Married Couple's Allowance (MCA) is available to elderly married couples or those in a civil partnership where at least one member of the couple were born before 6 April 1935. The all... Read More

If you or your partner are a low earner or not working, then you may be eligible for the marriage allowance. The marriage allowance allows lower earning couples to share part of their personal tax-free allowance. The marriage allowance (MA) is a... Read More

Donations to charity over the course of a tax year can add up and taxpayers must ensure they keep a proper record of all donations to backup tax return entries. Donations that are made through the Gift Aid scheme allow for the recipient charity to cl... Read More

You can use the Annual Investment Allowance (AIA) to claim a very generous 100% first year tax relief for qualifying expenditure on plant and machinery. The allowance is available for most assets purchased by a business but does not apply to cars.The... Read More

Taxpayers are usually required to pay their Income Tax liabilities in three instalments each year. The first two payments are due on:31 January during the tax year e.g. for 2018-19 the first payment on account is due on 31 January 2019.31 July follow... Read More

The cash basis scheme helps sole traders and other unincorporated businesses benefit from a simpler way of managing their financial affairs. The scheme was extended to landlords from April 2017. The scheme is not open to limited companies and limited... Read More

HMRC has issued an updated version of their online guidance on Genuine HMRC contact and recognising phishing emails and texts. The guidance provides a current list of genuine messages from HMRC. This includes: email messages, text messages and teleph... Read More

HM Treasury has confirmed that the £1 coin will be going global. This announcement means that the UK’s Overseas Territories and Crown Dependencies will be able to design and mint their own versions of the 12-sided £1 coin replacing the older coins. T... Read More

The Furnished Holiday Let (FHL) rules, allow holiday lettings of properties that meet certain conditions to be treated as a trade for some specific tax purposes.In order to qualify as a furnished holiday letting, the following criteria need to be met... Read More

A new one-stop service to register a company and register for tax at the same time has been used by more than 200,000 businesses since it was introduced. The introduction of the Streamlined Company Registration Service was announced as part of the Sm... Read More