The Bishop's Stortford Flyer Magazine Bishops_Stortford_Flyer_Jul2018_For_Web | Page 8

Coach Travel The Flyer RICHMOND’S COACHES Snow White at the London Palladium Dawn French stars alongside returning London Palladium pantomime royalty Julian Clary, Paul Zerdin, Nigel Havers and Gary Wilmot joined by Strictly Come Dancing’s Vincent & Flavia in Snow White, London’s must-see panto. From the same team behind last year’s Olivier Award winning pantomime, Snow White will feature all the sparkle, scale and spectacle London has come to expect from the West End’s most lavish festive production in a show packed full of laughter, music, special effects and theatrical magic. With further casting to be announced and a strictly limited fi ve week run; secure your seats now for Snow White at the London Palladium, the fairest pantomime of them all. With an all-star cast, spectacular sets and plenty of laughs, you’ll need to book early to secure the best seats for the greatest pantomime adventure of them all! Join Richmonds coaches for a day out on Wednesday 9th January and have free time before the matinee show to enjoy some lunch in the local area. Take a trip with Richmond’s Coaches and glide into London from Bishop’s Stortford on a modern air-conditioned coach with great leg-room and reclining seats. You will be dropped off outside, or very near your theatre, with time to get some refreshments before your show. Take your seats in the theatre (we get great discounts but only offer excellent seats in the stalls or dress circle) and enjoy the show. Your coach will be waiting outside again to whisk you home. No more taxis, tubes or trains! Making Tax Digital – Latest News There are now only a few months left before the fi rst stage of this new policy starts to affect businesses in the UK. Making Tax Digital (MTD) is a government plan that has twin objectives, the abolition of the annual tax return and its replacement with online input of income and expenditure on a quarterly basis. The aim is to be able to calculate tax liabilities earlier and on an ongoing basis, to highlight potential over and under payments as soon as possible and take action accordingly. It commenced with everyone being allocated a Digital Tax Account into which they can login and view the tax and income records as held by HMRC. This has already been a useful addition, employees can use it to amend tax codes, obtain refunds and monitor their tax records very easily. MTD has a wider remit however, as income from employers, banks and government departments will automatically be fed into the Digital Tax Account replacing some of the tasks currently dealt with through completion of a Self-Assessment Tax Return. The government published a MTD “roadmap” in December 2015 which set out a plan for most businesses to be submitting quarterly information by now but the plans were delayed following the last election as the complexity of establishing the system was causing delays. The current plan is for those businesses who have income above the vat registration threshold, currently £85,000, to submit their vat returns under the MTD scheme from April 2019. As they already submit online information on a quarterly basis the routine of MTD will already be in place, but much more information will need to be uploaded. This can be carried out through a bookkeeping package and there are a number of online and desktop packages available, most for a reasonable monthly subscription. There is still talk of businesses that use spreadsheets to calculate vat being able to import the information to HMRC using a spreadsheet template but full details are not yet available. Although the accounting packages come at a cost they also bring several advantages and should not be dismissed without reviewing the options in some detail. We are have experience of using all of the major packages available and can provide guidance to help with decision making. The government has committed to moving forward with MTD but has stated that it will not widen its scope until April 2020 and only then if the system has been shown to work well with the VAT rollout in 2019. While most accountants and taxpayers will not mourn the end of the annual tax return and the busy deadline in January we will have to wait to see how much extra work MTD will introduce throughout the year. FOR AN INTRODUCTORY, NO OBLIGATION CHAT, PLEASE CONTACT EITHER JEREMY FOZZARD or MARK WILLIAMS Telephone: [phone] Email: [email protected] 5 Ducketts Wharf, South Street, Bishop’s Stortford, CM23 3AR Tel: [phone] Fax: [phone] www.mansellandco.org 8 TH E FLYER | JU LY 2018 Pl ease menti on ‘The Fl yer’ when respondi ng to adv e rti s e me nts