May 22 2017 P11D deadline approaching Categories: Taxation The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2017, are due for submission to HMRC by 6 July 2017. The process of gathering the necessary information can take some time, so it is important that this process is not left to more
May 17 2017 Residential Property Tax Changes Categories: Taxation Cheryl Whitton and Sandi Drummond from our specialist property tax team are looking forward to exhibiting at The Agency Business conference in Glasgow tomorrow – Thursday 18 May 2017. Pop over and say hello to our team at stand 5 if you are attending. Individuals who own and let property are now facing significant changes to more
May 12 2017 General Election and Tax Law Categories: Taxation With the announcement of a snap General Election on 8 June the time available for scrutinising proposed legislation was short so the Finance Act was rushed through Parliament. Many clauses have not made it to the final legislation due to time constraints. These include the provisions to enable Making Tax Digital, changes for Non Domiciled more
Apr 14 2017 VAT Flat Rate Scheme – Limited cost trader Categories: Taxation Changes are being made to the Flat Rate Scheme (FRS) which take effect from 1 April 2017. These changes may mean that the FRS is less attractive to some businesses and this may result in these businesses deciding to no longer operate under the FRS. In some cases where a trader has voluntarily registered for more
Apr 10 2017 Tax-Free Childcare to be rolled out from 28 April 2017 Categories: Taxation 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 government will pay in an extra £2. Parents can receive up to £2,000 per child, per year, towards their childcare costs making a total amount more
Apr 7 2017 Making Tax Digital – Could the Cloud be the perfect choice for your dental practice? Categories: HealthcareMaking Tax DigitalTaxation You may be aware, that in under a year’s time, if your dental practice currently keeps its accounting records manually, you will have to be up and running on a computerised system to be able to make quarterly returns to HMRC. If you haven’t heard about Making Tax Digital, then you can find out more more
Mar 15 2017 Spring Budget U-turn Categories: Taxation There has been much discussion over the fact the Chancellor had announced the increase of National Insurance (class 4) rates for self-employed people in the Budget last week. Mr Hammond’s Budget announcement would have increased Class 4 NICs from 9% to 10% in April 2018, and to 11% in 2019, to bring it closer to the more
Mar 9 2017 Our full Spring Budget Summary 2017 is now available to download Categories: Taxation The Chancellor’s Budget on 8 March was the first of two due in 2017. The final Spring Budget came little more than three months after an Autumn Statement, with another Budget due in Autumn of 2017. With Making Tax Digital due to begin next April, there are big changes on the horizon. Angela Haig, Partner, more