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…
Blog Posts
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…
Vat Flat Rate Changes
Flat Rate Scheme changes to impact upon consultants An amendment to the VAT Flat Rate Scheme percentages has been announced by HM Revenue & Customs impacting upon businesses with limited…
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…
Charity Fines
An investigation by the Information Commissioner’s Office (ICO) has revealed that two national charities, the RSPCA and the British Heart Foundation, secretly screened millions of their donors so they could…
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…
Apprentieship Levy
The Apprenticeship Levy is being introduced from 6 April 2017 and will be payable by large employers. The Levy will be 0.5% of the employer’s pay bill, which is explained…
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…
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