GDPR
April 2018
New data protection rules from General Data Protection Regulation (GDPR) will replace the Data Protection Act in the UK from 25 May 2018. GDPR is designed to safeguard personal data…
Employer-Supported Childcare gets a reprieve
April 2018
Many employers help employees with childcare costs, often by providing childcare vouchers by way of salary sacrifice. Following the roll out of Tax-Free Childcare (TFC), the new government scheme to…
Making Tax Digital for VAT from April 2019
April 2018
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…
Welsh Land Transaction Tax introduced
April 2018
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…
Income tax changes from 6 April 2018
April 2018
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…
Update for employers and their employees
April 2018
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…
Spring Statement announces consultations
April 2018
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…
Spring Statement 2018
March 2018
The Chancellor Philip Hammond presented his first Spring Statement on Tuesday 13 March 2018. In his speech he provided an update on the economy and responded to the Office for…
Tribunal rules BBC journalist is caught by 'IR35' legislation
March 2018
A First Tier Tribunal has ruled that Christa Ackroyd who presented BBC news programme Look North and was paid via a personal service company was caught by the IR35 rules…
Advisory fuel rates for company cars
March 2018
New company car advisory fuel rates have been published which take effect from 1 March 2018. The guidance states: 'You can use the previous rates for up to one month…
Scotland's five income tax bands and tax relief for pensions
March 2018
Following the announcement of new income tax rates for Scottish taxpayers for 2018/19, the government is looking at ways of addressing the issue of the tax relief due on Scottish…
Minimum Wage increases
March 2018
The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees. Employers are liable to be penalised for not…
Pensions Auto Enrolment reaches a million employers
March 2018
The Pensions Regulator has announced that the number of employers meeting their workplace pension duties has reached one million and that statistics show that approximately 9.3 million people are saving…
Year end tax planning
March 2018
With the end of the tax year looming there is still time to save tax for 2017/18. We have set out some points you may want to consider. Make full…