Latest News for Business

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06 Apr 2017

VAT Flat Rate Scheme - Limited cost trader

Changes are being made to the Flat Rate Scheme which take effect from 1 April 2017.

06 Apr 2017

Equality - Gender pay gap reporting

The government has introduced new requirements for all private and voluntary sector employers of over 250 people relating to equal pay reporting from April 2017.

06 Apr 2017

Minimum wage rises again

Employers need to ensure they are paying their employees at least the appropriate National Minimum Wage or National Living Wage rate.

06 Apr 2017

Class 4 National insurance u-turn

One of the significant announcements Chancellor Philip Hammond made on Budget Day was the proposed increases to the main rate of Class 4 National Insurance Contributions paid by self-employed individuals.

06 Apr 2017

Making Tax Digital for Business update

Extensive changes to how taxpayers record and report income to HMRC are being introduced under a project entitled Making Tax Digital for Business.

06 Apr 2017

Reduction in the Dividend Allowance

It was announced in the Budget that the Dividend Allowance will be reduced.

06 Apr 2017

New Lifetime ISA

The Lifetime Individual Savings Account (ISA) is a longer term tax-free account that receives a government bonus.

08 Mar 2017

Budget Report 2017

The Chancellor Philip Hammond presented the last Spring Budget on Wednesday 8 March 2017.

06 Mar 2017

Advisory fuel rates for company cars

New company car advisory fuel rates have been published which took effect from 1 March 2017.

06 Mar 2017

Year end tax planning

With the end of the tax year looming there is still time to save tax for 2016/17.

06 Mar 2017

Self assessment expense claims

HMRC have released a list of the most outlandish items which have been claimed as expenses.

06 Mar 2017

Over £9.2 billion released by pension freedoms

Hundreds of thousands of savers have cashed in £9.2 billion from their pension pots since pension freedoms were introduced in April 2015.

06 Mar 2017

What will the Spring Budget bring for business?

With two Budgets in 2017, and the Spring Budget scheduled for Wednesday 8 March 2017, the Confederation of British Industry (CBI) have written to the Chancellor Philip Hammond outlining what they would like to see in the Budget proposals.

06 Mar 2017

Construction Industry - subcontractor verifications

HMRC have confirmed in the latest Employer Bulletin that changes will be made to the verification of subcontractors in the construction Industry Scheme (CIS) from 6 April 2017.

06 Mar 2017

Providing services to a public sector - off payroll working

In the latest Employer Bulletin HMRC advise those providing services to a public sector client through their own limited company to ensure they are ready for the new rules which take effect from 6 April 2017.

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