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News & Events

News & Events

Job Support Scheme

Job Support Scheme The Coronavirus Job Retention Scheme is due to end on 31 October 2020, which will be replaced by the Job Support Scheme (JSS) set out to support businesses that had to temporarily close due to coronavirus restrictions. The scheme will open on 1 November 2020 and run for 6 months. The (JSS) will provide businesses with additional wage support provided that the employer will contribute to ensure employees receive at least 77% of their salary. The employee…

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Employer-Supported Childcare gets a reprieve

Many employers help employees with childcare costs, often by providing childcare vouchers by way of salary sacrifice. Following the roll out of Tax-Free Childcare (TFC), the new government scheme to help working parents, existing Employer-Supported Childcare (ESC) schemes were expected to close to new joiners from April 2018. However following the Chancellor’s Spring Statement, Education Secretary Damian Hinds, made a concession to delay scrapping the scheme by six-months. The childcare choices website which provides useful guidance to parents on the…

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Tax Changes

National Living Wage Rise The national living wage has increased from April 2018, therefore employers need to make sure that they are up to date with the current rates. The rate applicable will depend on the worker’s age and if they are an apprentice. If HMRC find the employer has not paid they will send them a notice for the arrears plus a fine for not paying the minimum wage. Personal Allowance on the up We all have a ‘personal…

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Making Tax Digital

Making Tax Digital for VAT (MTDfv) will be required from 1 April 2019. Pilot for MTDfv is in place, allowing for a year of testing before any businesses are mandated to use the system. Business with an annual turnover exceeding £85,000 will have to maintain digital records for VAT purposes and provide their VAT return information to HMRC using MTD compatible software’s starting from 01 April 2019. If the business turnover drops to below £85,000 the business must continue to…

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GDPR

To ensure that the laws overseeing our personal data are fit for purpose, new rules have been created. The agreed General Date Protection Regulation (GDPR) which will replace the current Data Protection Act will come into force on May 25, 2018. The new law will result in changes to the way businesses and public-sector organisations handle sensitive information from their customers. There are two-types of Personal Data: Personal Data can be anything that allows a living person to be directly…

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200,000 receive back page as HMRC enforces National Minimum Wage

The department for Business. Energy & Industrial Strategy and HMRC have launch a campaign urging underpaid workers to complain as figures show that the numbers of workers getting the money they’re owed has doubled. HMRC identified £15.6 million in pay owed to more than a record 200,000 of the UK’s lowest paid workers from 2017 to 2018. This has increased from £10.9million for more than 98,000 workers last year. An online complaints service started in January 2017 which has contributed…

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Tax refund scams warning from HMRC

There are scams targeting individuals via email and SMS Messages. HMRC have issued a warning to try and prevent this. Genuine tax refunds for 2017/18 are currently being processes however fraudsters have already starting sending scam message claiming that taxpayers are entitled to a rebate. If you were to go deeper into the scam message it will request that you provide your personal account details to make the claim. HMRC has stressed the importance that any tax refunds will only…

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Asmat Accountants

Asmat & Co are one of Berkshires’ leading independent firms of Accountants servicing a growing and satisfied clientele. At Asmat & Co expert advice is available from senior qualified Chartered Management Accountants (ACMA) and Chartered Certified Accountants (ACCA), at very attractive packages tailored to suit varied individual and business requirements. The professional team at Asmat & Co. possesses extensive experience in providing accounting, tax, finance transformation and business advisory services to a diverse customer base.

CONTACT US


  • 84 High Street, Slough, Berkshire SL1 1EL, United Kingdom
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  • 01753 424968 / 02035 988 621
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  • info@asmataccountants.co.uk

Reading Office

  • 365-367 Oxford Road, Reading, RG30 1HA
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  • 0118 950 9841
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