Update on Making Tax Digital

Posted by on 14 December 2016 | 0 Comments

On 15 August 2016 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 information to HMRC. Two key changes proposed are:

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What to expect from the upcoming Autumn Statement

Posted by on 16 November 2016 | 0 Comments

Phillip Hammond, The Chancellor of the Exchequer, will deliver the Autumn Statement on 23rd November.  Whilst no one can be certain, these are some of the changes we anticipate. 

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Self-Assessment Deadline

Posted by on 27 October 2016 | 0 Comments

People wishing to file their tax return on paper face a looming deadline, but flexible workers in the self-assessment process need to be aware of the rules.

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Tax Free Childcare

Posted by on 13 October 2016 | 0 Comments

HMRC have announced further details of the new Tax Free childcare scheme which is to be introduced in 2017.

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The government accepts minimum wage rate recommendations

Posted by on 29 September 2016 | 0 Comments

On 1st October 2016 the National Minimum Wage rates for the different age bands and for apprentices will increase. All employers need to make sure they are ready. 

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HMRC outline Making Tax Digital plans

Posted by on 22 September 2016 | 0 Comments

HMRC have issued a series of consultation documents outlining further plans for the government’s Making Tax Digital (MTD) initiative.

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The Autumn Statement

Posted by on 15 September 2016 | 0 Comments

The Chancellor, Philip Hammond, has confirmed that he will present his first Autumn Statement to parliament on 23 November 2016.

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Advisory fuel rates for company cars

Posted by on 8 September 2016 | 0 Comments

New company car advisory fuel rates have been published which take effect from 1 September 2016. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply. The rates only apply to employees using a company car.
The advisory fuel rates for journeys undertaken on or after 1 September 2016 are:

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The Taxman’s new collecting powers

Posted by on 20 July 2016 | 0 Comments

July 2016 will see the introduction of a new set of tax collecting powers that HM Revenue & Customs (HMRC) will be able to use when it believes tax is due that is not covered by a self-assessment tax return.

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Have you accessed your Personal Tax Account?

Posted by on 8 July 2016 | 0 Comments

HMRC are advising employers that their employees may benefit from accessing their Personal Tax Account. These accounts allow taxpayers to view information about their tax affairs and advise HMRC online about changes that may affect the tax they pay. The services available through the Personal Tax Account include:

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