Press Releases

TWP encourages taxpayers to get returns in on time

Posted on

TWP – one of Weybridge’s leading accountancy firms – is encouraging businesses and individuals across Surrey to submit their self-assessment tax returns ahead of the deadline in January 2018. Self-employed businesses and individuals now only have a matter of weeks left until the online self-assessment deadline passes at midnight on 31 January 2018. TWP is […]

Business News

Delay in the abolition of Class 2 NIC

Posted on

The government has announced that it will introduce legislation, to abolish Class 2 national insurance contributions (NIC) and to make further proposed NIC changes in 2018. The measures the legislation will implement, will now take effect one year later than previously announced, from April 2019. These measures include the abolition of Class 2 NIC paid […]

Business News

Trusts Registration Service

Posted on

HMRC have launched a new Trusts Registration Service (TRS), so that trustees can register their trust online and provide information on the beneficial owners of the trust. The new service launched in early July for trustees and replaces the 41G (Trust) paper form, which was withdrawn at the end of April. Under the existing self […]

Business News

Delay to roll out of Tax free childcare

Posted on

The government have announced a delay to the roll out of tax free childcare which was expected to be fully implemented by the end of the year. From 24 November 2017 the service is available to parents whose youngest child is under 6 or who has their 6th birthday on that day. Parents can apply […]

Business News

Pension contribution increases and temporary staff

Posted on

The Pensions Regulator is reminding employers that they need to comply with their auto enrolment duties. Automatic enrolment still applies to temporary staff this Christmas With the festive season fast approaching, employers may be planning to take on temporary staff to help their business survive the rush. Automatic enrolment applies to these employees in the […]

Business News

Advisory fuel rates for company cars

Posted on

New company car advisory fuel rates have been published which took effect from 1 December 2017. 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 […]

Business News

Employee gifts – tax free?

Posted on

At this time of year some employers may wish to make small gifts to their employees. A tax exemption is available which should give employers certainty that the benefits provided are exempt and do not result in a reportable employee benefit in kind. In order for the benefit to be exempt it must satisfy the […]