News & Blog

The latest press releases and opinion from Bishop Fleming

Taxation article – Community enterprises

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Jon Sparkes, a tax director with Bishop Fleming and with nearly 20 years' experience in advising charities and businesses on direct tax matters, has written an article on the tax issues of community enterprises and mutual…

Digital tax plans put on hold

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The government's plans to digitalise the tax system and force business from April 2018 to make quarterly online returns have been dropped, due to the general election. Top 40 accountants Bishop Fleming welcomed the move,…

Tax changes dropped ahead of General Election

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Major tax changes that were announced in the Spring Budget have been dropped by the government, due to a lack of time to pass them into law ahead of the 8 June General Election. With…

Charities to tackle new tax danger with an old friend

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Charities that receive income from their trading activities through a separate company are being warned of a new tax danger, following a change in how the law is viewed and a change in accounting practice.…

Making Tax Digital for business

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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

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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

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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

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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

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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

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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…