Meston Reid & Co

Chartered accountants in Aberdeen. We aim to ensure that the numbers are on your side, you can count on us.

[Meston Reid & Co @MestonReid]

HMRC has increased interest rates with late payment bills charged 7.5% from 11 July, the highest rate since 2001.

Repayment interest was also increased.

Find out more in our article https://t.co/PKarmj4kM6

#HMRC #mestonreid #interestrates #bills

[Meston Reid & Co @MestonReid]

A new fuel finder scheme to enable drivers access to live fuel prices would revitalise competition in the retail road fuel market, according to the Competition and Markets Authority (CMA).
Read full article here https://t.co/ShVN39niCx

#CMA #HMRC #mestonreid #accountancy

[Meston Reid & Co @MestonReid]

Almost a million young people have yet to access savings contained in Child Trust Funds (CTFs), according to a report by Parliament's Public Accounts Committee (PAC).

Find out how many billions is waiting to be claimed in the article.
https://t.co/mzQhS383SM

#PAC #CTF

[Meston Reid & Co @MestonReid]

Six colleagues bravely took the leap of faith from the 160ft crane at The Big Hop #Bungee at Aberdeen Beach., raising £1,166 in aid of #ClanCancer Support.

Well done everyone, particularly Zaneta Resiack who organised and motivated the team! https://t.co/48oAGBXs6K

#mestonreid

[Meston Reid & Co @MestonReid]

Businesses and individuals alike are facing a potential new source of fiscal pressure after #HMRC upwardly revised their interest rates on late payments of #tax.
Adrian Johnston, our Tax manager, discusses the ‘Time to Pay’ scheme and its benefits: https://t.co/yEGVoS6BNW

[Meston Reid & Co @MestonReid]

A report published by the National Audit Office (NAO) has found that HMRC's Making Tax Digital (MTD) initiative is expected to cost around £1 billion more than its initial £226 million budget, which was forecast in 2016.
https://t.co/4u0xWX1W2i

#NAO #HMRC #MTD #accountancy

[Meston Reid & Co @MestonReid]

HMRC closed its self-assessment tax helpline over the summer to focus call centre resources on dealing with other problem calls.

The helpline will reopen Monday 4 September https://t.co/S1olZbrln6

#accountant #HMRC #taxhelpline #tax

[Meston Reid & Co @MestonReid]

HMRC has extended the voluntary national insurance contributions deadline.

It will give people more time to consider whether paying voluntary contributions is right for them.

Find out the new deadline https://t.co/11NeZdZVzh

#NIC #HMRC #insurance #accountancy #statepension

[Meston Reid & Co @MestonReid]

Michael Reid discusses personal liability for business debts, tax regime, IR35 in northeast Scotland, and much more in his article.
https://t.co/IWDkxHswN3

#northeastscotland #tax #IR35 #mestonreid #personalliability #accountancy

[Meston Reid & Co @MestonReid]

New company car advisory fuel rates have been published and took effect from 1 June 2023.

Read also about the Advisory Electricity Rate for fully electric cars.
https://t.co/awYSiFocw4

#electricrate #electriccars #fuelrates #companycar

[Meston Reid & Co @MestonReid]

Following the Bank of England's latest increase in the base rate, #HMRC has increased interest on #tax paid late ax and the rate paid on repayments of tax.
This is the highest rate since the start of the financial crisis in 2008 for late payment.
Read: https://t.co/0QNlxbKaOt

[Meston Reid & Co @MestonReid]

HMRC reminds employed workers they can claim a refund on work-related expenses on the https://t.co/tkfq79g717 website.
"We want to make sure employed workers are getting what they deserve" says Jonathan Athow, HMRC's Director General for Customer Strategy.
https://t.co/6pMgUWUmwu

[Meston Reid & Co @MestonReid]

A £27 billion transformation of capital allowances was announced by Chancellor Hunt.
'Britain is on a lasting path to growth with a revolution in childcare support, the biggest ever employment package, and the best investment incentives in Europe.'
Read https://t.co/lxuzI9BjGi

[Meston Reid & Co @MestonReid]

HMRC has revised interest rates with late payment bills charged 6.75% from 13 April, the highest level since January 2008.
This is the highest rate since the start of the financial crisis in 2008.
Find out the new interest here: https://t.co/xrbVg70NQH
#HMRC #BankofEngland

[Meston Reid & Co @MestonReid]

HMRC recently issued preliminary guidance in regard to the abolition of the pensions lifetime allowance.
When will the allowance be fully abolished? What will be the consequences? Find out in our article: https://t.co/yU0rNoUKgd

#HMRC #SpringBudget #Chancellor #pensions

[Meston Reid & Co @MestonReid]

The government has extended the voluntary national insurance deadline to give taxpayers more time to fill gaps in their contributions and boost their state pensions.
Read about the new deadline and more in our article https://t.co/WbeTJPmSgw
#taxpayers #HMRC #NIC

[Meston Reid & Co @MestonReid]

HMRC has reminded married couples eligible for the Marriage Allowance to make use of the tax relief.
Married couples could save up to £252 a year, HMRC said.

Who are eligible couples?

Read our article https://t.co/hxc0QTMPFn

#HMRC #marriageallowances #taxrelief #incometax

[Meston Reid & Co @MestonReid]

New company car advisory fuel rates have been published and took effect this month.

The rates only apply to employees using a company car.

Find them here https://t.co/TNXxMhrBwE

#fuelrates

[Meston Reid & Co @MestonReid]

#HMRC is reminding VAT-registered businesses to file their #VAT returns and pay on time ahead of new penalties being applied.
New penalties will be 'fairer and more proportionate' for businesses who submit their VAT returns or pay their VAT late.

https://t.co/nWIeYJ9jwJ

[Meston Reid & Co @MestonReid]

The 130% super deduction first-year allowance comes to an end on 31 March 2023. Time is running out for companies to take advantage of this generous relief.
Read the recap of this super deduction, planning capital expenditure, and how we can help.
https://t.co/NMfsXxSh2n