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KEEPING YOU IN TOUCH - YOUR FREE MONTHLY NEWSPAPER DELIVERED DOOR-TO-DOOR FOR 30 YEARS


St Helen’s Dental Practice Ltd Celebrating 33 years of Dental Care


Dentist Andrew Armstrong has joined the practice and is welcoming new patients


Four Dentists & Four Hygienists EMPHASIS ON PREVENTIVE DENTISTRY


Call us 01900 826210


Market Place Cockermouth Cumbria


CA13 9NQ


www.sthelensdentalpractice.org.uk sthelensdental@btconnect.com


Dedicated wheelchair access Andrew returns home to Cockermouth! MESS!


There are quite a few complaints to the editors about the political content of my articles and there will probably be more coming after this one! Unfortunately politics, finance and tax are inextricably linked.


In 2016, an over-confident Prime Minister held a needless referendum and it deservedly cost him his job. Then in 2017, another over- confident Prime Minister held a needless General Election and she is now deservedly a ‘dead woman walking’. By putting their party ahead of the country, it is not just the growing Brexit fiasco they have messed up, it is also UK tax policy.


First the good news!


The ridiculous Making Tax Digital plans, which would have cost my client base extra accountancy fees for no good reason, have been scrapped. Officially, they are deferred


CONSIDERED WORDS BY


OAKTREE ACCOUNTANCY


and watered down but for those of us who’ve seen this sort of thing before, the most likely outcome is that they will be quietly killed off.


The bad news is that the country still has a hole in its public finances, which the Government was planning to fill with a Finance Act in June. However, the election mess and involvement of the DUP in things has scuppered that plan. The result is that tax planning is now trickier than at any time since


2008 because various Finance Bill measures are now in ‘limbo’.


Why this matters, is that we’ll probably now get a load of measures thought up on the back of a fag packet and shoved into the Autumn Statement. Some of them will be half-baked if the 2016 version is anything to go by and some won’t end up being law, due to political opposition.


In 2017, some important measures which resulted in major changes for many small businesses did not formally become law until just two weeks before the start of the tax year. This is no way to run a tax system, especially when it is already the longest and most complex tax code in the EU. Next year looks like going the same way already. What a mess!


Chris MacLeod BOOST YOUR BOTTOM LINE WITH A FIXED PRICE ACCOUNTANT


Proactive, quality accountancy support for your business First Two Months FREE with Oaktree!


Chris MacLeod ICPA INFO@THECOCKERMOUTHPOST.CO.UK


Call Chris for a free chat on07889 181 080or 01900 268 086 www.oakacc.co.uk 17 AUGUST 2017 ISSUE 417 PAGE 32


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