News

The crackdown on tax evasion continues - 24 May, 2017

George Hay Chartered Accountants

HM Revenue & Customs (HMRC) issued a record number of court orders to seize company assets in 2016, indicating that the tax office will happily pursue all businesses suspected of tax evasion. The figures,…

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HMRC issuing hefty fines to eBay and Amazon traders who fail to pay tax - 24 May, 2017

George Hay Chartered Accountants

Small-scale internet traders, including individuals and businesses who sell goods on websites such as eBay and Amazon, are being hit with ‘tougher penalties’ than larger businesses if they do not declare…

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Online VAT fraud and error costing UK dear - 24 May, 2017

George Hay Chartered Accountants

A report published by the National Audit Office (NAO) estimates that online VAT fraud and error cost the UK somewhere between £1bn and £1.5bn in lost tax revenue during the 2015/16 financial year. Under…

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P11D dispensations have been dispensed with - 24 May, 2017

George Hay Chartered Accountants

Last year saw an important change to the way tax-deductible business expenses, paid to employees, are dealt with. Up until 5th April 2016, employers who did not have a dispensation from HM Revenue &…

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Furnished Holiday Lettings vs. Privately Rented Properties - 24 May, 2017

George Hay Chartered Accountants

Landlords should be aware of the different rules which apply to furnished holiday lets and private rented properties, as the tax implications can be enormous. Privately rented properties that are not the…

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As PM announces snap election, the Finance Bill shrinks during Parliamentary wash-up - 24 May, 2017

George Hay Chartered Accountants

The announcement that a snap general election will take place on 8 June 2017 had an immediate impact on some of the most significant announcements from the Spring Budget, seeing key clauses dropped from…

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2017: Our chosen charity - 24 May, 2017

George Hay Chartered Accountants

For 2017 we have selected two charities to support: The Luton & Dunstable Hospital – NICU Parents Accommodation Appeal enables parents, who are not based close to the hospital, to sleep and rest…

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Quiz win for our brainy bunch - 24 May, 2017

George Hay Chartered Accountants

We are pleased to announce that the George Hay team were the winners at RHG Financial Services’ quiz, held in memory of Chris Purkiss, which took place on 18th May at Needham House in Little Wymondley….

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Coming up in the calendar: The 3 Counties Expo - 24 May, 2017

George Hay Chartered Accountants

We are sponsoring and will also be attending The 3 Counties Expo on the 13th June, alongside many other businesses from Herts, Beds and Bucks. The event, held at Venue 360 in Luton, brings together businesses…

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Huntingdon office welcomes Samantha Green - 24 May, 2017

George Hay Chartered Accountants

This month, we welcomed Samantha Green to the Huntingdon office. Samantha is a qualified Chartered Accountant and has over 5 years’ experience working with small and medium sized businesses and brings…

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