News
BBC radio listeners put some ‘taxing’ questions to Rothmans Tax Partner
Pop music, eBay trading and inheritance tax – just some of the wide-ranging issues BBC Radio Solent listeners wanted advice on from Julian Sims, Rothmans Tax Partner, when he joined Sasha Twining’s programme on the ‘Ask the Expert’ slot recently. Julian has often been a guest on the radio station to comment live on the budget and other tax news. He also writes for technical publications and tweets on tax matters as @jlsTax. This latest broadcast was a busy one for Julian, packing in a number of personal and business tax and accoun...
Read article 
How secure is the future of your business?
The South’s businesses are to get an insight into what the future is likely to hold for them from leading economist, Mark Berrisford-Smith, Head of Economics, HSBC UK Commercial Banking, at a free seminar hosted by accountancy firm, Rothmans LLP. The seminar, called ‘11 months and counting’, will take place at the Hilton at the Ageas Bowl in Southampton on 17 April. It will set out the prospective opportunities and challenges presented by Brexit as the UK prepares to formally leave the EU in March 2019. Cyber security expert, Gary P...
Read article 
Spring Statement 2018
Following changes to the government's fiscal timetable, Chancellor Philip Hammond presented his first Spring Statement on 13 March 2018. This newsletter summarises the latest news and forthcoming measures that may affect you and your business. For further advice, please contact us. Inside: Measures announced Looking ahead Income tax The new stamp duty regime Making Tax Digital Other key changes for 2018/19 The new Budget timetable: an overview What they said...
Read article 
Get ready for the new data protection rules
The government is to introduce new data protection rules under the General Data Protection Regulation (GDPR) which take effect from 25 May 2018. Under the GDPR, businesses will have increased obligations to safeguard the personal information of individuals which is stored by the business. These rules apply to the information of customers, suppliers or employees. Generally, for those who are currently caught by the Data Protection Act it is likely that you will have to comply with GDPR. GDPR will apply to data 'controllers' and ...
Read article 
Making Tax Digital for VAT
The government has issued information on how Making Tax Digital for Business (MTDfB) is expected to work for VAT once the rules are introduced in April 2019. Under the proposed rules, which have been issued subject to consultation, VAT-registered businesses with turnover which is more than the VAT registration threshold will be required to submit their VAT return digitally using software. Businesses with a turnover above the VAT threshold (currently £85,000) will have to: keep their records digitally (for VAT purposes only) pro...
Read article 
Delay in the abolition of Class 2 NIC
The government has announced that it will introduce legislation to abolish Class 2 national insurance contributions (NIC) and to make further proposed NIC changes in 2018. The measures the legislation will implement will now take effect one year later than previously announced; from April 2019. These measures include: the abolition of Class 2 NIC paid by self-employed individuals, reforms to the Class 1A NIC treatment of termination payments (the £30,000 rule) and changes to the NIC’s treatment of sporting testimonials. On 2 N...
Read article