VAT Domestic Reverse Charge (DRC) – What is it?

From 1 March 2021, if services and supplies fall within the DRC, subcontractors will not charge VAT to other building and construction industry businesses. Instead, contractors will account for the VAT due directly to HMRC on the VAT return. Example:...
Continue reading
  6222 Hits
  0 Comments

Tax Briefing December 2020

Download PDF File Here
  1784 Hits
  0 Comments

Chris joins the MoynanSmith team

Chris Dixon has joined us as Accounts Department Manager to help look after our clients' financial needs. For Chris it's a case of re-joining familiar faces after previously working with Darren and Jamie in another regional accountancy firm. Chris, w...
Continue reading
  1717 Hits
  0 Comments

Tax Briefing for September 2020

Download PDF File Here
  1059 Hits
  0 Comments

We've moved!

WE HAVE MOVED. We have moved to our new office (just around the corner from our previous address!). Our address is now: Unit 4, Clifford CourtParkhouse EstateCarlisleCA3 0JG We look forward to seeing you......the kettle is always on!!!!
  1283 Hits
  0 Comments

Budget 2020 - How Does it Affect You?

As expected, Chancellor Rishi Sunak's first budget was heavily focused on the issues and worries around Coronavirus, and started by outlining measures to help both individuals and businesses promising to "get through this together". He announced a fi...
Continue reading
  940 Hits
  0 Comments

Tax Changes to be Aware of From April 2020 - Get Prepared

1. Sale of UK Residential Property – 30 Day Reporting As from April 2020, we see the introduction of new stand-alone CGT tax return for disposals of UK residential property. The returns will have to be filed, and any tax paid, within 30 days of the c...
Continue reading
  894 Hits
  0 Comments

Two New Additions to the MoynanSmith Team

MoynanSmith is pleased to welcome two new additions to the team to help manage its continued growth. Joining the firm are Hannah Ling and Graham Simmons, as tax adviser, and accounts and payroll assistant respectively Making her return to work after ...
Continue reading
  1246 Hits
  0 Comments

VAT: New Accounting Procedures for Builders - October 2020

(This post initially reported the date of changes being introduced as 1 October 2019. Since first publishing, the date of introduction has been delayed to October 2020 and the information within the post should now reflect this) You might have read t...
Continue reading
  860 Hits
  0 Comments

Making Tax Digital is Getting Serious

The first set of warning letters are coming through letters boxes around the country, have you received one? If so, it's time to take the necessary steps and sign up for Making Tax Digital so you don't encounter problems. A quick reminder, Making Tax...
Continue reading
  879 Hits
  0 Comments

MoynanSmith Speaks on Making Tax Digital Ahead of 1st April Deadline to News and Star

Our own Darren Moynan spoke to the News and Star for an article published on Friday 29th March 2019. The article focuses on the impending Making Tax Digital initiative and the low adoption rate among Cumbrian businesses. MTD will come into effect for...
Continue reading
  902 Hits
  0 Comments

Managing Your Circle of Influence Business Seminar

MoynanSmith are to be joint hosts of this upcoming business focus workshop. The seminar will take place in Penrith on April 17th. The seminar is set to be held on Wednesday April 17th at Roundthorn Country House from 8am - 10am. Buy your tickets for ...
Continue reading
  986 Hits
  0 Comments

Get Paid to Move Banks

f you have a commercial account with Royal Bank of Scotland you may have received a letter from them introducing a banking switching scheme, incentivising you to move your business elsewhere – why, we hear you ask? Following the financial crisis in 2...
Continue reading
  950 Hits
  0 Comments

Making Tax Digital – Your Questions Answered

MTD represents one of the biggest changes to reporting requirements for (initially) VAT registered businesses. It is important to be clear about what is required after April 2019 and who will be included and excluded from the changes. It is important...
Continue reading
  964 Hits
  0 Comments

Worried You're Paying Too Much Tax? Find Out With MoynanSmith's Free Health check

If you're self-employed, chances are you'll have filed yourself assessment tax return and just paid off what you owed as January comes to an end. Parting with money is never fun, even less so when it's after the stressful task of completing your tax ...
Continue reading
  934 Hits
  0 Comments

By accepting you will be accessing a service provided by a third-party external to https://www.moynansmith.co.uk/