News

LAST CHANCE TO WIN A CHRISTMAS HAMPER

We are looking at improving our online ratings and would really appreciate if you would be willing to write a review of your dealings with Hill Lillis and Company. If you prefer you can post a review on Google or if easier you can send some comments that you would be happy to be shown…
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Holiday Opening Hours

Wishing you a Merry Christmas and a Happy New Year from all of the team. Please find our Update of 2019 Newsletter here. Which contains a chance to win a Christmas hamper. Our office opening hours over the Christmas period are: Monday 23rd December Open as normal Tuesday 24th December Closing at 1pm Christmas Day…
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Trading Losses

Relief for trading losses In the event that a loss arises in a trade or profession, consideration should be given as how best to obtain relief for that loss. As with many things, there is no ‘one size fits all’ and the best option will depend on the trader’s particular circumstances. Option 1 – Relief…
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Zero Emission Cars

Zero charge for zero emission cars From 6 April 2020, the way in which carbon dioxide emissions for cars are measured is changing – moving from the New European Driving Cycle (NEDC) (used for cars registered prior to 6 April 2020) to the Worldwide Light Testing Procedure (WLTP) for cars registered on or after 6…
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Short Recap on Class 2 and Class 4 NIC Liability

Calculating the Class 2 and Class 4 NIC liability The self-employed pay two classes of National Insurance contributions – Class 2 and Class 4. Class 2 contributions are weekly flat rate contributions which provide the mechanism by which the self-employed build up their entitlement to the state pension and certain contributory benefits. By contrast, Class…
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What is an EORI number and who needs one?

EORI Number An economic operator registration and identification (EORI) number will be needed for UK businesses to be able to continue to trade with the EU after the UK leaves the EU. If there is a no-deal Brexit In the event that the UK leaves the EU without a deal, an EORI number that starts…
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Brexit, what you need to consider

The deadline for Brexit is approaching, with the UK leaving the EU on the 31st October 2019. Both businesses and self-employed that are involved in trading goods or services will have to prepare for upcoming changes if there is a no-deal. Brexit grants The government is currently providing a total £16m funding to help businesses…
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Making Tax Digital Flowchart

The vast majority of VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) will be mandated to keep digital VAT records and send returns using Making Tax Digital (MTD)-compatible software from April 2019. As you are aware from our previous messages Making Tax Digital (MTD) for VAT is now obligatory for many businesses. We are attaching a…
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