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Welcome to our
July Newswire...

Welcome to our July Newswire

We hope you enjoyed last month’s newswire and have pleasure in sending you the July edition.

McPhersons News


HMRC use AI tools to investigate taxpayers

HMRC is utilising its sophisticated artificial intelligence tools alongside its £80m Connect database when investigating taxpayers. Read more...

Roly sizzles in 34 degree Tri Championships

The European Triathlon Championships were held in Weert, Netherlands with Roly bringing in an impressive time of 02:20:34. Read more....

Lunch clubbers go digital

For the final McPhersons Bexhill Lunch Club, attendees were treated to a Making Tax Digital (MTD) presentation by Peter Watters. Read more...

Ainsley sees England score record 386 at World Cup cricket

The weather held out for Ainsley at the weekend for the England v Bangladesh game in Cardiff. With a record breaking score of 386 and winning by 106 runs it was an exciting game to watch. Read more...

Mamma Mia! Peter loses everything at the Group Travel awards!

Fortunately it was only a ‘fun casino’ so losing everything in record breaking time wasn’t too painful. Read more...

McPhersons July Tax E-News is ready to read

Welcome to our monthly tax newswire. We hope you enjoy reading this newsletter and find it useful. Please contact us if you would like to discuss any matters further. Read more...


Client Corner


New client case study: Energise Sussex Coast

Read how our clients, Energise Sussex Coast plan to help make Hastings zero carbon here.


Scam Alert


Scam Emails – how to tell and what to do

Scam emails are one of the most common threats in cyber security.


Business News


Wealthiest UK families save nearly £700 million a year in Inheritance Tax

A new report has found that a significant proportion of the UK’s Business Relief goes to those with more than £1 million in assets. Read more...

Taxpayers’ bills delayed by payment on account errors

The Association of Taxation Technicians (ATT) has revealed that problems with HMRC’s IT systems earlier this year, relating to calculations for payment on account, mean that some taxpayers will not receive tax demands this month. Read more...

SMEs unaware of £1 million annual investment allowance

A new study has found that more than half (58 per cent) of SMEs are not aware of a temporary two-year increase in the annual investment allowance (AIA), which could help them secure £1 million in funding. Read more...

Businesses encouraged to increase readiness for no-deal Brexit

Businesses across the UK are being encouraged to increase their readiness for a no-deal Brexit. Read more...

Value of UK SMEs reach £3 trillion

New research has found that the total value of UK SMEs has reached more than £3 trillion – with the average small business now worth £2.9 million. Read more...

More than 150 chief financial officers and senior finance executives personally fined by HMRC last year

Research by law firm, Pinsent Masons, has found that more than 150 chief financial officers and other senior finance executives have been fined personally by HM Revenue & Customs (HMRC) in relation to tax accounting issues during the last financial year. Read more...

Remember to pay the annual data protection charge

Businesses across the UK are being reminded that, if they process personal data, they are subject to a legal requirement to pay the Information Commissioner’s Office (ICO) an annual data protection charge, unless they have a relevant exemption. Read more...

Incorporation no longer automatically resets the two year requirement for sole traders

Entrepreneurs’ Relief (ER) entitles a business owner to significant relief from Capital Gains Tax (CGT) on the disposal of their business, often halving the consequent tax bill.


Our Management Team


Ainsley Gill
Tel: 01424 730000
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Mark Finch
Tel: 01424 730000
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Peter Watters
Tel: 01424 730000
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Lee Bowden
Tel: 01424 730000
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Gemma Hood
Tel: 01424 730000
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Louise Cavill
Tel: 01424 730000
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Nigel Facer
Tel: 01424 730000
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Dan Cruikshank
Tel: 01424 730000
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Medb Selley
Tel: 01424 730000
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McPhersons - Chartered Accountants in Bexhill and Hastings

23 St Leonards Road, Bexhill-on-Sea, East Sussex TN40 1HH T: 01424 730000 - Map
The Creative Media Centre, 45 Robertson Street, Hastings, TN34 1HL T: 01424 730000 - Map
Registration No: 07127320 (England & Wales)