News & Blog

The latest press releases and opinion from Bishop Fleming

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…

Work experience week in Bristol

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Seven sixth form pupils have spent a "work experience week" at the Bristol office of Top 40 accountants, Bishop Fleming. With offices in Bath, Bristol, Exeter, Plymouth, Torquay, Truro, and Worcester, Bishop Fleming invited sixth…

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…

Spring Budget 2017 and the world of payroll

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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…

North Devon Theatres Trust – Report and Statement of Proposals

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The Joint Administrators of the North Devon Theatres' Trust ("the Trust") have released their Report and Statement of Proposals, which can be found here. The Statement of Proposals is a statutory report by the Administrators…

Serial tax avoider rules – action needed before 6 April 2017

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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…

Huge increase in probate fees “morally wrong”

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Relatives inheriting estates worth more than £300,000 from May this year are going to be hit with huge increases in court fees, as the government looks to target them as a way to reduce its…

Support for Manufacturers

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 The South West Manufacturing Advisory Service (SWMAS) works with manufacturing businesses to help improve productivity, develop their capabilities, and enter new markets. It supports programmes on behalf of government, local enterprise partnerships, and other public…