by Admin 2 | Dec 6, 2018 | HMRC, Tax
‘Tis The Season for Gifts… And Taxes… Christmas Is The Time For Giving If you are thinking about making gifts this Christmas, you should take advantage of the various inheritance tax (IHT) exemptions and reliefs available to you. But you should also bear in mind...
by Admin 2 | Nov 5, 2018 | HMRC, Tax
Autumn Budget 2018: More Money For NHS And An End To Austerity? As previously announced, these were the main themes of the Chancellor Philip Hammond’s third Autumn Budget, but what we were waiting to hear was, where the extra money was going to come from? Had he found...
by Admin 2 | Oct 8, 2018 | HMRC, Tax
Class 2 NICs To Continue For Self-Employed In 2016, the government consulted on a proposed abolition of Class 2 National Insurance contributions (NICs) for the self-employed. If you are self-employed, this flat rate contribution, currently £2.95 a week is payable in...
by Admin 2 | Aug 2, 2018 | HMRC, Making Tax Digital, Tax
Making Tax Digital For VAT Guidance Issued HMRC have now issued their detailed guidance on the digital record keeping and return requirements for Making Tax Digital (MTD) for VAT. VAT Notice 700/22 clarifies that spreadsheets may still be used to keep your business...
by Admin 2 | Jul 26, 2018 | HMRC, HR and Policies, Tax
IR35 Update Did you know that the Intermediaries Legislation – commonly known as IR35 – is almost twenty years old? In spite of this, IR35 issues regarding employment status are not getting any clearer. This is certainly true when considering the last few months,...
by Admin 2 | Jun 7, 2018 | HMRC, Tax
IR 35: The Government Consultation A few days ago, the government released its long-awaited IR35 consultation on off-payroll workers in the private sector. The consultation talks of the aftermath of the recent public sector changes [resulting in a large number of...
