On Friday 24 June many people will have woken up to the news that the UK electorate had decided that the country’s interests would be best served outside of the EU, leading some to wonder what will happen to taxation. Since then the Prime Minister David Cameron has announced that he will be standing down […]
A fundraising event in aid of White Lodge Centre has been launched by TWP. The charity, based in Chertsey, provides a place for young people with a range of disabilities and special needs to learn new skills and try new experiences. TWP are hosting a special five-a-side charity football tournament on Sunday 14th August 2016. […]
Accountants at one of Weybridge’s leading independent accountancy firms TWP are warning business and consultants that changes to legislation may affect how they handle expenses. The Finance Bill 2016 has introduced a number of revisions to travel and subsistence legislation, which came into force from 6 April 2016. Under these changes, the ability of employed […]
New analysis of HM Revenue & Customs (HMRC) shows that in the 2014/15 tax year the Revenue’s local compliance teams managed to raid an additional £3.5 million from investigating VAT underpayments at small business. It is believed that this trend will likely continue in future, as the government ramps up its efforts to maximise tax […]
Major lenders are beginning to raise their maximum age limits on mortgages, following recent criticisms that secure borrowers are increasingly turned down by banks on account of their age. Nationwide has made headlines by raising its maximum age limit from 75 to 85 – the highest of any major lender in the UK to date. […]
Last month’s Queen’s Speech saw the government unveil plans for strict new rules on Master Trust pensions in a bid to address worries about their potential dangers. Master Trusts emerged in response to the requirement for employers to meet the 2018 deadline for Auto-Enrolment. Each Master Trust is a single legal entity with a single […]
Increases in the state pension age announced by the government will leave millions of women born in the 1950s worse off by up to £12,000 and the Work and Pensions Secretary now says he cannot see a “do-able policy solution” to cushion the blow. The Pensions Act 1995 provided for the equalisation of state pension […]
The rules governing ISAs mean they cannot be opened or held on a joint basis, including with spouses. But many couples will divide their joint savings between them, opening an ISA each to take maximum advantage of the personal tax-free savings limit, which this year is £15,240. However, where a couple may have effectively been […]
HMRC are urging people to renew their tax credits claim well before the 31 July deadline. HMRC have made improvements to the online renewal service and recommend claimants renew their claim online once they receive their renewal pack which is issued between April and June. The online service can now accommodate all changes in circumstances […]
HMRC have updated their guidance to taxpayers on how to spot phishing scam emails. Phishing is the fraudulent act of emailing a person in order to obtain their personal/financial information such as passwords and credit card or bank account details. These emails often include a link to a bogus website designed to encourage the unwary […]
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