Business News

Autumn Budget 2018

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Budget Statement 2018

The sun was already edging behind the London skyline by the time Chancellor Philip Hammond rose to the despatch box to deliver the first Monday Budget since 1962 – pushed back to 3.30pm because of later Parliamentary sitting times on Mondays. Officially, the traditional Wednesday slot was dispensed with this year to allow as much […]

Client Newsletter

Are you due to pay tax on your dividends?

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From April 2016, the rules relating to the taxation of dividends have changed radically with the removal of the 10 per cent notional tax credit. This was replaced instead by a new £5,000 dividend allowance, which has since been reduced to just £2,000 at the beginning of this tax year – bringing many more owners […]

Business News

HMRC identify record £15.6 million minimum wage underpayments

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HMRC has announced that they achieved record enforcement results this year, identifying £15.6million of minimum wage underpayments. The number of workers identified as underpaid was double that in 2016/17 and the highest number since the National Minimum Wage came into force. The figures reveal: a record £15.6 million of underpayment identified for more than 200,000 […]

Business News

HMRC has published an updated list of deliberate tax defaulters

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HMRC has published an updated list of deliberate tax defaulters. The list includes details of taxpayers who have incurred a penalty because they have either: deliberately provided one or more inaccurate documents to HMRC deliberately failed to comply with an HMRC obligation committed a VAT or excise wrongdoing. HMRC’s criteria for publishing this information also […]

Business News

Deadline for ‘paper’ self assessment tax returns

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For those individuals who have previously submitted ‘paper’ self assessment tax returns the deadline for the 2017/18 return is 31 October 2018. Returns submitted after that date must be submitted electronically or they will incur a minimum penalty of £100. The penalty applies even when there is no tax to pay or the tax is […]

Business News

‘No deal’ Brexit guidance and small business survey

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Following the issue of some ‘no deal’ Brexit technical notices, in August, the government has issued further notices with the aim of helping both businesses and individuals to prepare in the event of a UK-EU agreement not being realised. The second and third batches of notices cover topics such as passports, driving licences together with […]

Business News

UK Budget date announced: Monday 29 October

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The Chancellor of the Exchequer, Philip Hammond, has announced that the Budget will take place on Monday 29 October. Breaking with the tradition of a Wednesday in November, perhaps in a bid to avoid the ongoing Brexit negotiations, the government is expected to set out its plans ‘to build a stronger, more prosperous economy, building […]