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Home » review

Business news and opinion from Evans Weir > Tag: review

2019 In Review

When considering 2019 in retrospect, the kneejerk reaction would be to say that it has been a hard year. But when we stop and consider the facts, they might tend to tell a different story. Gretchen Rubin is credited with the quote ‘The days are long, but the years are short’ in the context of […]

  • 4th December 2019
  • Business News
Self Assessment personal tax return

HMRC to review 30,000 tax returns

Having identified that their calculations may have contained an error, HMRC has announced that it is set to review the tax returns of around 30,000 individuals, to address concerns that some may have been overcharged. The issue is believed to be isolated to tax bills issued in 2016/17 and specifically relating to the personal savings […]

  • 7th November 2018
  • Personal Tax / Tax
11 Downing Street is home to Chancellor of the Exchequer and where the budget is drafted

Budget 2018

As he delivered the Budget 2018, Philip Hammond joked that he had avoided giving his speech on Halloween night itself because it would have been simply too tempting for the caption writers, and had avoided Christmas because he did not want to appear in cartoons disguised as Santa Claus. Even so, he was determined to […]

  • 30th October 2018
  • Budget / Business News / Economy
Accounts preparation

One-in-ten small businesses under investigation by HMRC

Having identified that they are responsible for almost 50% of the £34billion of uncollected tax in 2015-16, HMRC has confirmed that it is focusing its efforts on around half-a-million small businesses at any time. There are some 5 million small businesses in the UK and the move by the tax man has been criticised by […]

  • 14th May 2018
  • Business News / Tax
VAT Flat Rate Scheme

VAT Review in Spring Statement – Impact on Small Businesses

In his first Spring Statement, Chancellor Philip Hammond launched a consultation on a proposed review of the UK’s VAT scheme. The Chancellor had been tipped to announce wholesale changes to VAT thresholds last November as part of the budget, but because of representations from business organisations he swapped hard and fast plans for change in […]

  • 16th April 2018
  • Legislation / Tax

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