WSM Blog

Spare room to Let? That’s Great News!

In the March 2017 Budget the Government announced it intends to review the ‘rent-a-room scheme’ which is currently a tax-efficient way of letting out your spare room.

The General Data Protection Regulation

The deadline for General Data Protection Regulation (GDPR) is fast approaching. The implementation date is 25th May 2018. Many SMEs will think that this does not affect their business. This affects all types of organisations who have an EU establishment and also those who transact within the EU.

Hidden Brexit Costs Of Corporate EU Compliance

Many hoped BRexit would mean remove the burden of compliance with EU directives from UK businesses. Two recent EU directives indicate this hope is likely to be in vain and UK businesses will bear the costs of compliance despite BRexit.

Who Is Accountable?

Charities and not for profit organisations are in hard times with Government cut backs as they have been as a result of the 2010 austerity budget. This has impacted on Local Authority cutting back on their funding to many charities and not for profit organisations.

HMRC Are Getting Ready – Are You?

Investment by HMRC into their 'Fraud Investigation Service' increased to £204 million over the 2016/17 tax year, up from £186m in 2015/16, according to recent figures.


Cloud Accounting Software and MTD

We welcomed the announcement of the new timetable for Making Tax Digital that was published on 13 July 2017. This means that Making Tax Digital will not take effect until April 2019 when it will only be mandatory for business over the VAT threshold.

Making Tax Digital – Current Position

The Government have now announced that there will be at least a one year delay to the implementation of MTD.


Making Tax Digital – A Further Update

The MTD sections of the Finance Bill were dropped following the announcement of the snap election held on 8 June.This put MTD on hold as the detailed provisions must be approved by Parliament.


EuropeFides in Cologne

The EuropeFides AGM in Cologne was held at art’otel, a unique art and design hotel nestled on the Rhine’s embankment and within walking distance of the city.