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Explore insightful articles, tips, and industry updates from RMT. Stay informed on the latest trends, innovations, and best practices in accounting and business services.

Construction Self-Supply Charge: HMRC Revises Meaning of “Entire Interest” Following Defeat in Supreme Court

HM Revenue & Customs (HMRC) has amended its meaning of “entire interest” in the VAT treatment of the construction self-supply charge following a landmark Supreme Court ruling. If you supply building and construction services, here’s what you need to know. What is the self-supply charge? According to the Institute of Chartered Accountants in England and

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Updated Requirements For Submitting Corporation Tax CT600 Return

With the winding up of the Coronavirus Job Retention Scheme (CJRS) or furlough, at the end of September, it is vitally important that all employers are up to date with their Corporation Tax Form CT600, particularly over grants received from the scheme. HM Revenue & Customs (HMRC)  is looking to close any loopholes and ‘claw

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RMT Tech Talk – Microsoft 365 licences, Email and OneDrive explained?

Microsoft 365 licencing is, to some, a complex set of products and its not always obvious to the business owner what they are getting for their money. So, here’s a quick guide to each of the plans and who they might be suitable for: Microsoft 365 Business Basic. Useful for front line workers needing just

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Making VAT Savings When Buying an Electric Car

The electric car revolution is with us and if not quite a tsunami of sales, more and more people and businesses are looking at them. According to figures from the Society of Motor Manufacturers and Traders (SMMT), electric vehicles, whether full electric or different forms of hybrid, account for more than 25 per cent of

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Six Steps to Secure Finance For Your Business

Lots of businesses are seeking out finance at the moment, whether to fund an acquisition or finance investment, but given the challenges the economy faces, it is becoming increasingly difficult to secure the right deal. If a business hasn’t sought out finance for a while or there has been a significant change to their operations

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Buying a Business – Top Tips to Secure The Best Deal

Have you ever considered buying a business? Whether you are an experienced entrepreneur or just starting out, acquiring a ‘ready-made’ business offers a number of advantages. For established businesses, buying a second company can help them break into new markets or acquire machinery, skilled workers or innovations that can help their operations grow. Meanwhile, new

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Received a CJRS Compliance Check? Act now!

The Coronavirus Job Retention Scheme (CJRS) ended in September but many firms could still be subject to a CJRS compliance check in the weeks and months ahead. HM Revenue & Customs (HMRC) has been sending out letters to employers throughout the year telling them they need to pay back CJRS payments because they claimed too

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MTD For Income Tax Delayed Until April 2024, HMRC Confirms

Making Tax Digital (MTD) for Income Tax will be delayed until April 2024, the Government has confirmed. It means self-employed business owners and landlords will have one more year to prepare for the digitalisation of Self Assessment. According to HM Revenue & Customs (HMRC), the decision to delay the digital tax regime comes after concerns

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Revised Brexit Timetable to Give Businesses “More Time to Adjust”

A revised Brexit timetable will give businesses “more time to adjust” to new trading processes, it has been suggested. The new schedule comes after concerns that firms are now focusing on recovery from the Coronavirus pandemic, rather than new customs declarations and controls. Here’s what you need to know. Full customs declarations and controls to

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