Autumn budgets from 2018

Dec 05, 2016

Mr Hammond surprised listeners to his autumn statement speech when he said:

This is my first Autumn Statement as Chancellor. After careful consideration, and detailed discussion with…

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Salary sacrifice under the microscope

Dec 05, 2016

Salary sacrifice is a term applied to benefits taken in place of salary. In many respects these benefits provide employees with higher “take home” value than if the benefits were treated the same…

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Are you affected by changes to the VAT Flat Rate Scheme (FRS)

Dec 05, 2016

HMRC is to introduce an additional test that will determine the flat rate percentage used by traders. It would seem that HMRC presently considers the benefits obtained by certain businesses to be…

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Changes to NLW and NMW from April 2017

Dec 05, 2016

From April 2017, the National Living Wage (NLW) for the over 25s is being increased to £7.50 per hour. This is an increase from the current NLW rate set in October 2016 of £7.20 an hour. For the over…

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Tax Diary December 2016/January 2017

Dec 05, 2016

1 December 2016 - Due date for Corporation Tax due for the year ended 29 February 2016.

19 December 2016 - PAYE and NIC deductions due for month ended 5 December 2016. (If you pay your tax…

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