Employee Gifts – Tax Free?
At this time of year some employers may wish to make small gifts to their employees. A tax exemption is available which should give employers certainty that the benefits provided…
Advisory Fuel Rates For Company Cars
New company car advisory fuel rates have been published which took effect from 1 December 2017. The guidance states:’You can use the previous rates for up to one month from the…
Delay To Roll Out Of Tax Free Childcare
The government have announced a delay to the roll out of tax free childcare which was expected to be fully implemented by the end of the year. From 24 November…
Delay In The Abolition Of Class 2 Nic
The government has announced that it will introduce legislation, to abolish Class 2 national insurance contributions (NIC) and to make further proposed NIC changes in 2018. The measures the legislation…
Another Year, Another Performance
It hardly seems that a year has gone by but November is upon us again, and for the Simpson Wood men that meant just one thing, raising funds for the…
Simple Assessment
HMRC have changed the way in which they will assess some taxpayers removing the need for these individuals to complete a Self Assessment Tax Return. These changes took effect from…
Welsh Land Transaction Tax
The Welsh Assembly has announced the proposed rates and bands for land transaction tax (LTT) which is to be introduced for land and property in Wales on 1 April 2018,…
Scottish Budget Proposals
On 14 December, the Scottish Budget will set out the Scottish Government’s financial and tax plans. Currently taxpayers who are resident in Scotland pay income tax on their non-savings and…
Criminal Finances Act
The Criminal Finances Act 2017 took effect on 30 September 2017. It makes companies and partnerships, a ‘relevant body’, criminally liable if they fail to prevent the facilitation of tax…
Help To Save Accounts
The government have announced details of a new Help to Save saving scheme. The scheme is government backed and designed to support working people on low incomes build up their…
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