News & Blog

The latest press releases and opinion from Bishop Fleming

Making Tax Digital for business

Posted by on

Following the 2017 Spring Budget it has been confirmed that Making Tax Digital, the most radical change in the tax system for over 20 years, will proceed as planned, but with a delay of a…

Spring Budget update – A turn for the worse

Posted by on

Philip Hammond's Spring Budget, with its U-Turn on National Insurance Contributions (NICs), alienates the very businesses the government should be encouraging, claims Top 40 accountants, Bishop Fleming. Matthew Lee, Managing Partner at Bishop Fleming, described…

New rules to tackle poor payment practices

Posted by on

For financial years beginning on or after 6 April 2017, large companies and Limited Liability Partnerships (LLPs) will have to report half-yearly on their payment practices in order to reveal how long they are taking…

Dividend Tax change in 2018

Posted by on

The new dividend tax regime, which has been in place since April 2016, is to be amended in April 2018, following announcements in the Spring 2017 Budget. Since 6 April 2016 dividend income above £5,000 has…

National Insurance U-Turn, but dividends tax goes ahead

Posted by on

The government has announced that the proposed increase in National Insurance paid by the self-employed will be shelved until at least 2020. In the Spring Budget the Chancellor had announced that Class 4 National Insurance…

ATED – time to revalue your company’s residential dwellings

Posted by

If your company or partnership owns a residential dwelling, you may be affected by ATED. In which case, you need to update the value of your property to avoid potential penalties. For the last 4…

Spring Budget 2017 and the world of payroll

Posted by

The recent Spring Budget confirmed a number of payroll-related changes that will take place this year. Tax rates and thresholds As expected, the personal allowance increases in April 2017 to £11,500, continuing its rise towards…

Serial tax avoider rules – action needed before 6 April 2017

Posted by

If you have participated in a tax avoidance scheme, you may have limited time in which to take action to protect your interests, otherwise you could be branded a Serial Tax Avoider (STA) by the…

Education- Budget Update

Posted by

The last 12 months have been interesting to say the least! It started with the White Paper and the headline ”all schools to become academies” which threw the sector into change mode. The “U-turn” that…

Spring Budget 2017 announcements at a glance

Posted by on

Spring Budget 2017 key tax announcements made on 8 March. Whilst Philip Hammond's first (and last) Spring Budget delivers a rosy assessment of the British economy with unemployment at an eleven year low, it is overshadowed by…