There are many responsibilities on being a Trustee of a Charity. It is not a position which should be taken on lightly. However I believe that there are two golden rules for trustees, which if they follow should indicate that they are acting in an appropriate way for a trustee.
Businesses need to act now ahead of HMRC’s sweeping changes to the tax system, known as Making Tax Digital (MTD).
MTD, an initiative to compel businesses to keep digital records and file quarterly updates, has a launch date of April 2018 and will undoubtedly have huge implications, particularly for small businesses and the self-employed who will be the first affected.
VAT is often regarded by farmers as being quite straightforward. However, this is often not the case due to the amount of diversification that now occurs. Whilst most sales in the past were zero rated it is now common for some of them to be standard rated or exempt. This can have implications for VAT.
March has finally arrived. The month in which Somerset start playing cricket again (notwithstanding yesterday's snow on the Quantock Hills). And the month in which the Government is seeking to invoke Article 50 to commence the process of withdrawing Britain from the EU.
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