News

Festive season opening hours

07/12/2018

Sexty & Co offices will be closed from 5pm on Friday the 21st of December and will reopen on Thursday 27th of December. We shall also be closed on Monday 1st January. Best wishes to all our customers and contacts for 2019....

More...

VAT on property service charges

11/12/2018

A new Revenue and Customs Brief (6-2018) entitled VAT exemption for all domestic service charges has recently been published by HMRC. The brief explains changes to the Extra Statutory Concession (ESC) 3.18 VAT: exemption for all domestic service charges may be applied. The ESC was introduced in February 1994 to enable the same VAT...

More...

Are you ready for VAT filing changes April 2019?

11/12/2018

The introduction of Making Tax Digital (MTD) for VAT is fast approaching. From April 2019, some 1 million businesses with a turnover above the VAT threshold (currently £85,000) will have to keep their records digitally (for VAT purposes only), and provide their VAT return information to HMRC through MTD compatible software. The...

More...

Is your income approaching £100,000?

11/12/2018

For high earning taxpayers, the personal allowance is gradually reduced by £1 for every £2 of adjusted net income that exceeds £100,000 irrespective of age. Adjusted net income is total taxable income before any personal allowances, less certain tax reliefs such as trading losses and certain charitable donations and pension contributions....

More...

Qualifying for VAT special schemes

11/12/2018

There are three main special VAT schemes available to small businesses. These are the flat rate scheme, the annual accounting scheme, and the cash accounting scheme. The turnover levels for joining and leaving these schemes vary. The flat rate scheme is open to businesses that expect their annual taxable turnover in the next 12 months...

More...

When is lettings relief available?

11/12/2018

In general, there is no Capital Gains Tax (CGT) on a property which has been used as the main family residence. This relief from CGT is commonly known as 'private residence relief'. However, where all or part of the home has been rented out, the entitlement to relief may be affected. Home owners that let all or part of their house may not...

More...

How the £1,000 trading allowance works

11/12/2018

There is a £1,000 tax allowances for miscellaneous trading income that has been available to taxpayers since April 2017. This is known as the trading allowance. The income raised from these kinds of ventures is usually supplemental to a taxpayer’s main income, but this is not always the case. The exemption from tax applies to taxpayers...

More...

Citizens’ rights in the event of a no deal Brexit

10/12/2018

The government has published a policy paper on what might happen to EU citizens in the UK and UK nationals in the EU, in the event of a “no deal” Brexit. The government has confirmed that those EU citizens and their family members who are resident in the UK by 29 March 2019 will have their rights protected, i.e. they will be able to...

More...

Afternoon closure Friday 14th December

07/12/2018

Sexty & Co offices will be closed from 1pm on Friday the 14th of December reopening on Monday the 17th December at 8.30am....

More...

Could you claim expenses and an early tax refund?

04/12/2018

HMRC is reminding employees that they may be able to claim a tax rebate if they have incurred certain expenses related to their employment. HMRC’s press release on the matter specifically identifies workers including nurses, hairdressers, construction workers and those in retail and food that have to dip into their own pockets to pay for...

More...

CONTACT US

Norwich Office
124 Thorpe Road

Norwich, NR1 1RS

SEE LOCATION ON MAP

mail@sexty.co.uk

Tel: 01603 629504
Fax: 01603 760901

North Walsham Office
2a Church Street

North Walsham, Norfolk, NR28 9DA

SEE LOCATION ON MAP

Tel: 01692 403272
Fax: 01692 500102


Newsletter Signup

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

» Sign up for the newsletter
» Login