Abolition of Class 2 NICs from April 2018
Originally announced in Budget 2016, the 2016 Autumn Statement confirmed that Class 2 National Insurance Contributions (NICs) will be abolished from April 2018
Leaving your affairs in order
5 January 2017 We have drawn up a simple guide to the things that you should consider if you wish to leave your affairs in order.
Happy New Year and some resolutions
3 January 2017 With what proved to be a very turbulent 2016 now behind us, it is an important time to make or refresh your plans for the future year ahead and beyond because, as with most things nowadays, there will likely be a tax consequence so early planning is essential.
Changes to HMRC’s free filing software for company tax returns
23 December 2016 HMRC is to replace the current free PDF filing software for company tax returns for unrepresented companies and charities with straightforward tax affairs with an online only system from April 2017.
A letter to our MP
22 December 2016 It has become apparent that, despite maintaining the appearance of consulting and collaborating over the introduction of Making Tax Digital (MTD), HMRC have behind the scenes been preparing a steam roller of an introduction which appears to pull the trigger whilst still half cocked.
Scottish tax bills moving North
20 December 2016 Last week the Scottish Finance Minister delivered his Budget and announced that, unlike the rest of the UK, he would not be increasing the 2017/18 higher rate tax threshold by £2,000 but would instead increase it by only £430 in line with inflation.
Draft legislation published on changes for non-doms
16 December 2016 If you have a foreign domicile you need to be aware of and plan for a series of changes that are due to come into effect from 6 April 2017.
Scrooge is alive and well……
14 December 2016 We are now into the office Christmas party season but, unfortunately, this is not the usual seasonal reminder that the cost of parties and staff functions are not taxed on employees as a ’benefit’ if the amount is less than £150 per attendee…it’s quite the opposite.
McDonald’s tax move to the UK
9 December 2016 Earlier this week, McDonald's announced plans to move its non-US tax base from Luxembourg to the UK. The new holding company will pay UK tax on the royalties the firm receives outside the US.