Anna’s Accountancy Alerts – March 2018

by | Mar 12, 2018

Do you want to be part of the Making Tax Digital (MTD) trial?

MTD isn’t scheduled to start until April 2019 but you can get involved earlier:

By joining now you’ll get more help and support than waiting until it goes fully live.

Preparing the last Full Payment Submission (FPS) of the year

Link:   Last FPS of the year

Automatic enrolment

From April 2018 the minimum pension contributions for employers will increase from 2% to 5% and then 8% in 2019.

Self-assessment (SA) returns 17/18

If you submit your SA returns on paper by 31/10/18 or online by 30/12/18 you can pay your SA bills through your PAYE code if you owe < £3K and already pay tax through PAYE.

Tax-free childcare open to parents of children under 12

Parents can now get up to £2K (£4K for disabled children) a year towards their childcare costs.

See what help is available: Childcare Choices

General Data Protection Regulation (GDPR)

On the whole, small businesses won’t need to appoint a data protection officer.  This will only be necessary if there is large scale monitoring or processing of special categories of data.

The new Whatsapp for business app

The business version of Whatsapp has been launched.  You can set a business profile, including opening hours, contact details, etc.  At the moment it’s only available on Android devices.

Amending tax codes for the new tax year

To be amended for pay days from 6/4/18 onwards.  If you haven’t received an amended code then increase them by the set amount below:

  • Any tax code ending in L add 35 – 1150L becomes 1185L
  • Any tax code ending in M add 39
  • Any tax code ending in N add 31


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About Anna Goodwin

With over 30 years’ experience in delivering an exceptional accountancy service, and more than 12 years of being in business herself, Anna Goodwin knows small businesses, how they work and also the highs and lows that come with self-employment. It’s hard work but also immensely satisfying and this has inspired her to enable more of you amazing people out there to succeed at what you do!

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