Tax-Free Childcare To Be Rolled Out From 28th April 2017
Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare, will be launched from 28 April 2017. For every £8 a parent pays in, the…
Blog Posts
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 (NICs) paid by self-employed…
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 (MTDfB). MTDfB is to be introduced…
Reduction In The Dividend Allowance
t was announced in the Budget that the Dividend Allowance will be reduced from £5,000 to £2,000 from April 2018. Dividends received by an individual are subject to special tax…
Advisory Fuel Rates For Company Cars
New company car advisory fuel rates have been published which took effect from 1 March 2017. The guidance states: ‘You can use the previous rates for up to one month from the…
Making Tax Digital
The government published their responses to the six consultations on making tax digital (MTD). In response to the consultations the government have decided the following: businesses will be able to…
SDLT Online Refund Procedures
HMRC have introduced an online service to apply for a repayment of the higher rates of Stamp Duty Land Tax (SDLT) for additional properties if the property sold was previously…
National insurance Changes – Winners And Losers
Tax campaigners have warned that the abolition of Class 2 National Insurance contributions from April 2018 could result in the lowest earners among the self employed being hardest hit.[a] Class…
Personal Tax Accounts ‘First Birthday’
The government are celebrating the ‘first birthday’ of their award winning Personal Tax Account which recently won Digital Project of the Year at the annual UK IT Industry Awards HMRC…
Scottish Rate Of Income Tax
On 6 April 2016, a fundamental change was made to the taxation system for Scottish resident individuals. The main UK rates of income tax were reduced by 10p for Scottish…
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