Hello, Although the relatively mild weather we had so far in November, it seems Freezing is top of the government agenda! It’s fair to say that we were expecting a lot of what was in Chancellor Jeremy Hunt’s first Autumn Statement (the fourth Chancellor...
What is the help to buy ISA? The Help to Buy ISA is a tax-free way to save for a mortgage deposit on your first home. The government will add 25% (up to a maximum bonus of £3,000), as well as earning you interest. What you need to know: – You can save up to...
HMRC are strongly advising customers to lookout for a new phishing scam in the form of an email with the subject, “Your 2016 Tax Report”, with an attachment. Anyone who receives this email should not open it but instead forward it to [email protected] and then...
(Currently dropped due to general election – expected to be revisited) There are planned changes to termination payments from 6 April 2018. Current position If conditions are met, up to £30,000 can be paid tax free on the termination of your employment i.e. on...
All employers must ensure they are paying their workers the National Living Wage (NLW) and the National Minimum Wage (NMW). They will be increase on 1st April 2017 and will continue to be reviewed on an annual basis. Current rates (effective from 1st October 2016):...
New rules for limited cost businesses HMRC are introducing new legislation to take effect from 1 April 2017, combating abuse of the flat rate VAT scheme. Current situation Businesses who are VAT registered can join the flat rate scheme if their turnover is below...
