Prime Blog

August 2016

Be ahead of the game, let us help you prepare for Digital Tax

Last Monday, HMRC released the long awaited Making Tax Digital (MTD) consultations covering specific customer groups and elements of the Making Tax Digital reforms. The biggest reform since the introduction of the self-assessment tax return in 1997.

Why Prime uses a secure document exchange portal

Here at Prime we have always seen ourselves as a forward thinking firm that keeps up with current trends and embraces new technology and the new ways of working.

The new NI number prefix is causing chaos for payroll departments BUT you can avoid these problems

HMRC have introduced ‘KC’ as a prefix for NI Numbers (i.e. KC123456A) however, they did not communicate this correctly to software providers causing FPS (full payment submissions) to fail.

Is Brexit going to affect the aim of Making Tax Digital (MTD) by 2020 and when will the consultation documents be released?

In the March 2015 Budget, the government announced their plans to reduce the burden on taxpayers and ensure that a transparent and accessible tax system is in place. As a result, Making Tax Digital was introduced with the vision to be fully implemented by 2020.

EU Referendum Result

TOLD YOU SO! Don’t worry I am not commenting on the result, Prime continue to be neutral, however my co-directors have asked me to write a follow up to our EU Referendum Survey Blog. This blog is much harder; in the last one all I had to do was comment on a set of results, now I am being asked to predict the future!

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