Regular Tax Updates
& Business News

  • Scottish Draft Budget

    January 2018

    Finance Secretary Derek Mackay delivered the 2018/19 Scottish Draft Budget on Thursday 14 December 2017 setting out the Scottish government's financial and tax plans. The Scottish government has the power…

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  • Land and Buildings Transaction Tax and First-Time Buyer Relief

    January 2018

    The Scottish government announced that they will introduce a new Land and Buildings Transaction Tax (LBTT) relief for first-time buyers of properties up to £175,000. The relief will raise the…

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  • Welsh Land Transaction Tax

    January 2018

    The Welsh Parliament have announced changes to proposed rates and bands for Land Transaction Tax which is to be introduced in Wales from 1 April 2018. The rates and bands…

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  • Proposals to extend pensions auto enrolment to younger workers

    January 2018

    The government has announced proposals to extend pensions auto enrolment to include younger workers and to amend the way in which contributions are calculated. According to the press release: 'The…

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  • Paying HMRC? Not at the post office or by credit card

    January 2018

    With many individuals having tax payments to make at the end of this month it is important to be aware that HMRC have announced that they will no longer accept…

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  • HMRC warning about iTunes gift card scam

    January 2018

    HMRC are urging people to stay safe from a phone scam that is conning elderly and vulnerable people out of thousands of pounds. The scammers are preying on victims by…

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  • Employee gifts - tax free?

    December 2017

    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…

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  • Pension contribution increases and temporary staff

    December 2017

    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…

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  • Delay to roll out of Tax free childcare

    December 2017

    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…

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  • Autumn Budget 2017

    December 2017

    The Chancellor Philip Hammond presented his first Autumn Budget on Wednesday 22 November 2017. Some of the key announcements are set out below.  Increased limits for knowledge-intensive companies The government…

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  • Advisory fuel rates for company cars

    December 2017

    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…

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  • Trusts Registration Service

    December 2017

    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…

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  • Delay in the abolition of Class 2 NIC

    December 2017

    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…

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