Page 20 - Vision
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 penalties
for late tax returns
pkf francis clark
01392 667000
 The meter will soon be running on your tax returns. HMRC has revealed details of a penalties system for late submissions and payments under Making Tax Digital, (MTD) confirming it plans to pursue a points-based model.
 From April 2019 all compulsorily VAT registered businesses must submit their VAT returns through software under the HMRC's MTD plans. Earlier this year HMRC ran a consultation on three potential penalties models: points-based, regular review of compliance and suspension of penalties. In its report HMRC stated that a large majority of respondents favoured the points- based model due to its comparative simplicity.
Under the model, customers would receive a point every time they fail to submit on time. A penalty will be charged at a certain threshold, which will be dependent on the frequency of their submission obligations. After the threshold has been reached, a penalty will be charged for every subsequent submission failure.
The penalty thresholds put forward are: 2 points for annual submissions, 4 points for quarterly submissions and 5 points for monthly submissions. One amendment is that penalty points will have a shelf-life and would expire after a period of good compliance.
The system will work with a separate points total per tax, rather than one points total relating to all obligations, reflecting business structure, where different departments may be responsible for different taxes.
Draft legislation is expected in summer 2018, and it is anticipated that the model will first be implemented for VAT in 2020, to give taxpayers a year to become familiar.
Martin Atkins Partner said: "Despite the analogies with traffic PCN's, this announcement is actually to be welcomed.We are currently working with our clients to guide them through the process and help them plan properly. Whether we like it or not the future is a digital one, but with good planning and advice, penalties can of course be avoided.”
grey is the new black
synseal 01623 444390
The fully thermally broken Stratus lantern roof system from Synseal Group is now available with a grey interior colour following high demand from customers.
the New Product of the Year category at the G17 Awards - giving Synseal Group high expectations for this product in 2018. Now Stratus offers customers even more choice with an internal Anthracite Grey option. Andy Jones, Group Sales and Marketing Director, said: “Anthracite grey has taken the market by storm over the past couple of years and is a very popular choice among homeowners both as an internal and external colour. Our grey exterior option has been well received by our customers and end
users and following their requests, we have made grey an option for the internal colour too. “More homeowners are starting to incorporate colour on their windows, doors and roof products internally now and RAL 7016, better known as Anthracite Grey, is the top choice at the moment. In addition to the minimal sightlines and discreet cappings that Stratus offers, the benefit of a grey internal colour will give the seamless impression of a panoramic view of the night sky which many homeowners are looking for.”
    With a hardwearing aluminium exterior and innovative thermal break technology, Stratus has been designed to combine desires for aluminium aesthetics and excellent thermal efficiency.
Following a successful first year of sales from fully fabricated products and a surge in roof fabricators signing up to offer Stratus, the aluminium lantern roof system was chosen as a finalist in
lighting up opportunity
sternfenster 01522 512525
Sternfenster has recently expanded their already comprehensive product with a new, cutting-edge aluminium lantern roof.
promising to deliver quality and performance across the board.
maintenance. Not only will this prove to be an attractive asset for homeowners, it also means that Approved Installers will be able to reduce the hassle of aftersales with a design that is set to last.
       This means that all members of the Approved Installer Network can now offer their customers a home improvement solution that has been designed for excellence from the ground up.
Enabling all Sternfenster Approved Installers to cater to a wider demographic, these aluminium lantern roofs are available in a 2-way, 3-way or contemporary design model with sizes up to 3m x 6m. This enables them to offer a heightened degree of installation flexibility that could result in notably decreased lead times and increased sales.
Another impressive, unique selling point of the aluminium roof lantern that Sternfenster are now offering is the impressive degree of thermal efficiency that it achieves. Standing as a design that is up to 65% more thermally efficient than the conventional aluminium roof lantern build, it’s never been easier for Approved Installers to offer the highest standards.
Aluminium lantern roofs stand as a stylish way to let the light into any property, comprising high quality glazing and a slim aluminium frame to reduce bulk and increase overall natural light allowance. These roofs are the result of an innovative and intelligent design,
As the roofs are created using premium grade aluminium, they are able to achieve an extensive lifespan that requires minimal
unsung
Danny became Solidor’s Logistics Manager in September 2015, and has worked hard to develop the department into an efficient and rewarding place to work. Mike Price, Group Operations Director, congratulates Danny; “If there’s a problem he and the team just get on with solving it – no drama, just a quick and practical solution. He’s improved the operation of the department, and has helped oversee OTIF (On Time In Full) deliveries, which have risen to 99.9%-100% in recent months.”
     hero
@solidorltd
Danny Barnett, Logistics Manager at Solidor, was the winner of the Unsung Hero category at the G17 Awards.
   

































































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