Client Newsletter

What next for EMI tax relief?

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The Government has confirmed that the European Commission’s final response is still awaited, and therefore there will be a period where approval for new EMI schemes lapse from 7 April 2018. Whilst the Government has stated that it is working hard to ensure that the lapse period is as short as possible, any new EMI […]

Business News

Spring Statement announces consultations

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Chancellor Philip Hammond delivered his Spring Statement on Tuesday 13 March 2018. In his speech, the Chancellor announced consultations would be issued on: how to help the UK’s least productive businesses to learn from, and catch-up with, the most productive how to eliminate late payments particularly to benefit small business whether the use of non-agricultural […]

Business News

Update for employers and their employees

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HMRC’s latest Employer Bulletin includes useful updates for employers as we approach the start on the new tax year on 6 April 2018. The Bulletin includes articles on: end of year reporting for payroll and reporting benefits in kind P9 Notice of Coding and the system of in year tax code adjustments known as Dynamic […]

Business News

Income tax changes from 6 April 2018

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The personal allowance for 2018/19 is £11,850. However, some individuals do not benefit from the full personal allowance. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000, which is £1 for every £2 of income above £100,000. So for 2018/19 there is no personal allowance where adjusted net […]

Business News

Welsh Land Transaction Tax introduced

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From 1 April 2018, Land Transaction Tax (LTT) will replace Stamp Duty Land Tax (SDLT). LTT will be collected by the Welsh Revenue Authority (WRA). HMRC has published guidance on the introduction of the new tax and the way in which property transactions straddling 1 April 2018 and cross border transactions will be dealt with. […]

Business News

Making Tax Digital for VAT from April 2019

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The regulations to bring into force Making Tax Digital for VAT (MTDfV) are now law, and digital VAT returns will be required from 1 April 2019. MTDfV is the first phase of HMRC’s landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Regulations have now […]