Making Tax Digital update

Over the summer HMRC published six consultation documents on Making Tax Digital. The six consultations set out detailed plans on how HMRC propose to fundamentally change the method by which taxpayers, particularly the self-employed and landlords, send... Read Full Article...

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‘No excuses’ for auto enrolment mistakes say TPR

The Pensions Regulator is reminding employers and their advisers, that they need to comply with their auto enrolment duties or face penalties: ‘Being ill or short-staffed isn’t a good enough excuse for your clients failing to comply... Read Full Article...

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Advisory fuel rates for company cars

New company car advisory fuel rates have been published which took effect from 1 December 2016. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The... Read Full Article...

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Autumn Statement

On Wednesday 23 November the Chancellor Philip Hammond presented his first, and last, Autumn Statement along with the Spending Review. His speech and the supporting documentation set out both tax and economic measures. Some of the pertinent... Read Full Article...

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Statutory Maternity Leave and Childcare Vouchers

Following the decision of an Employment Appeal Tribunal (Peninsula Business services v Donaldson) regarding Childcare Vouchers (CCVs), salary sacrifice and maternity leave, HMRC are considering what guidance is needed. In the interim they have confirmed: If CCVs... Read Full Article...

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PAYE late filing penalties

HMRC have published the latest issue of the Employer Bulletin with articles on a variety of topics relevant to employers. One article advises that HMRC have issued the Quarter 1 late filing penalty notices, which cover the... Read Full Article...

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Lifetime ISA

Following consultation the government has issued further details of the new Lifetime ISA account which is expected to be available from April 2017. In summary the account will be available to adults under the age of 40... Read Full Article...

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VAT claim on company cars allowed

HMRC recently lost a first tier tribunal case on the recovery of VAT on the purchase of six cars. Although most VAT registered businesses are able to recover the VAT on the purchase of commercial vehicles the... Read Full Article...

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National Minimum Wage and National Living Wage

The National Minimum Wage (NMW) is a minimum amount per hour that most workers in the UK are entitled to be paid. The current NMW rates (with effect from 1 October 2016) are: 21 to 24 year olds... Read Full Article...

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Tax Free Childcare

HMRC have announced further details of the new Tax Free childcare scheme which is to be introduced in 2017. To be eligible, families will have to have all parents in work and each expecting to earn at... Read Full Article...

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