What is your time worth?
As time goes on the government continue to impose more stringent reporting standards, VAT rules and the like. You may be aware that HMRC are now proposing that all businesses will ... read more
Spring Statement 2018
The Chancellor, Philip Hammond has announced that he will deliver his Spring Statement to the House of Commons on Tuesday, 13 March 2018.
This will be the first Spring Statement ... read more
Finance Bill 2017-18 is published
The Finance Bill 2017-18 was published on 1 December 2017 and runs to relatively modest 192 pages. The Bill contains the legislation for many of the tax measures that have been ... read more
What happens to the 5p for a plastic bag?
HM Treasury has published an interesting response to a Freedom of Information enquiry that wanted to know what happens to the money raised from the sale of 5p plastic bags by ... read more
Tax incentives to invest in qualifying assets
The Annual Investment Allowance (AIA) limit is a generous capital allowance that will more than cover the annual capital expenditure spend of many small and medium sized ... read more
Reminder of current tax relief for pension contributions
Many commentators had predicted that the Chancellor would further reduce the annual amount that can be saved into a pension as part of the Budget measures. However, these fears ... read more
Why don’t we still pay Class 2 NIC monthly?
Class 2 national Insurance contributions (NICs) are paid by self-employed taxpayers and members of partnerships if their annual profits are over £6,025. Class 2 NICs are payable at ... read more
Tax win for Spurs
HMRC’s appeal to the Upper Tribunal over termination payments made to two football players employed by Tottenham Hotspur has been rejected. The case related to the tax position of ... read more
Fit for Work referral and assessment service to be abolished
The government has confirmed that, as a result of “low referral rates”, its national Fit for Work referral and assessment service will come to an end in England and Wales on 31 ... read more
Statutory maternity, adoption, paternity, shared parental and sick pay to rise from April 2018
In a written ministerial statement, the government has announced the proposed new rates for statutory maternity pay (SMP), statutory adoption pay (SAP), statutory paternity pay ... read more