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…
Categories
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…
Proposals To Extend Pensions Auto Enrolment To Younger Workers
The government has announced proposals to extend pensions auto enrolment to include younger workers and to amend the way in which contributions are calculated. According to the press release: ‘The…
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…
Pension Contribution Increases And Temporary Staff
The Pensions Regulator is reminding employers that they need to comply with their auto enrolment duties. Automatic enrolment still applies to temporary staff this Christmas With the festive season fast…
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…
Trusts Registration Service
HMRC have launched a new Trusts Registration Service (TRS), so that trustees can register their trust online and provide information on the beneficial owners of the trust. The new service…
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