Auto Enrolment for New Employers
Auto-enrolment for new employers From October 2017, new employers, which will include all new limited companies, will have instant pension duties and obligations. These businesses…
Don’t miss the tax credit deadline – 31 July 2017
Don’t miss the tax credit deadline - 31 July 2017 If you’re on a low income or have children, tax credits can be worth thousands…
Pensions Auto Enrolment
Ignoring Auto Enrolment could lead to big fines Pensions Regulator fines Johnsons Shoes Company £42,000 for failing to meet enrolment deadline The Johnsons Shoes Company…
P11D Deadline 6 July 2017
Employer P11D, P11D(b) and P9D deadline The deadline for submitting the 2016-17 forms P11D, P11D(b) and P9D is 6 July 2017. P11D forms are used…
Salary v Dividend
The Salary v Dividend Jigsaw The questions surrounding the issue of how best to extract profits from a company in a tax-efficient manner remain as…
Making Tax Digital
Implementation Timetable for Making Tax Digital Following representations from the House of Commons Treasury Committee, HMRC have published proposals to undertake a year-long pilot of…
VAT Cash Accounting Limit Raised to £150,000
As announced at the 2017 Spring Budget, the threshold for traders using the cash basis for accounting purposes is increasing from 6 April 2017. This…
Changes to IR35 Rules
Changes to IR35 rules confirmed HMRC have recently announced changes to the way the intermediaries legislation (known as the 'IR35 rules') will be applied to…
Contractor tax: loan schemes can cost you more!
HMRC have alerted professional contractors or freelance workers to the risks involved in using tax avoidance schemes involving loans. How contractor loans work In a…
P11D Filing Deadline Approaching 6 July 2016
The deadline for submitting the 2015-16 forms P11D, P11D(b) and P9D is fast approaching - 6 July. Late submissions can result in fines being raised…