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(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...
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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):...
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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...
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(Currently dropped due to general election – expected to be revisited) From 6 April 2017 there will be two separate £1,000 exemptions for individuals with trading and property income (that is not derived from a partnership). The objective of these changes is to...
