Year End-Tax Planning
With less than one month to the end of the tax year there is still time to save tax for 2015/16. We have set out some points you may want to…
Scottish Draft Budget
Finance Secretary Derek Mackay delivered the 2018/19 Scottish Draft Budget on Thursday 14 December 2017 setting out the Scottish government’s financial and tax plans. The Scottish government has the…
Land And Building Transaction Tax And First-Time Buyer Relief
The Scottish government announced that they will introduce a new Land and Buildings Transaction Tax (LBTT) relief for first-time buyers of properties up to £175,000. The relief will raise…
Paying HMRC? Not At The Post Office Or By Credit Card
With many individuals having tax payments to make at the end of this month it is important to be aware that HMRC have announced that they will no longer accept…
Autumn Budget 2017
The Chancellor Philip Hammond presented his first Autumn Budget on Wednesday 22 November 2017. Some of the key announcements are set out below. Increased limits for knowledge-intensive companies The…
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 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…
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,…
End of content
End of content
