Black cabs urged to go green

April 9th, 2018

Britain’s black cabs now qualify for an incentive to go green as the new tax exemption for electric taxis comes into force this month. The exemption, worth £1,550, will apply to new cabs purchased from April 2018 onwards, and follows the Autumn Budget announcement that zero emission taxis worth over £40,000 will no longer have […]

Offshore tax evasion

April 9th, 2018

From 1 October 2018, HMRC will be gaining access to information from tax havens that will enable it to identify UK citizens with undisclosed offshore assets, and by inference, undisclosed UK income and taxable gains. Why does this matter? It matters because HMRC has introduced new legislation called the Requirement to Correct which will dramatically […]

Spring Statement

April 9th, 2018

The Chancellor, Philip Hammond, was keen to promote the positive aspects of the UK’s economic performance when he stood to present his Spring Statement on 13 March. Employment and manufacturing growth rising, Inflation and debt falling. The speech was also peppered with the usual political gambits to boost his party at the expense of the […]

2m workers to receive a pay rise from 1 April 2018

April 5th, 2018

And no, this is no April fool… Over 2 million people will get a pay rise from 1 April 2018 thanks to an above-inflation rise in the National Living Wage (NLW). The National Living Wage will go up by 4.4%, from £7.50 to £7.83, meaning a full-time minimum wage worker will be over £2,000 better […]

HMRC deals with online VAT abuse

April 3rd, 2018

Fulfilment houses are being drawn into government endeavours to deal with the loss of revenue by the activities of traders based outside the EU. From 1 April 2019, approved fulfilment businesses will be required to complete due diligence checks on their overseas customers and maintain records about the goods they store. HMRC have announced that […]

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