Latest News for Business

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05 Feb 2018

HMRC rejected Self Assessment expenses and excuses

HMRC have released the latest list of imaginative excuses made by individuals who failed to submit their self assessment return by 31 January deadline in 2017.

05 Feb 2018

Tax-free childcare roll out

The implementation of Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare, is being rolled out to eligible parents in stages.

05 Feb 2018

HMRC halts thousands of scam text messages

HMRC have announced that they have stopped thousands of taxpayers from receiving scam text messages 'with 90 percent of the most convincing texts now halted before they reach their phones'.

05 Feb 2018

Updated list of professional subscriptions

Employees are allowed to claim tax relief on their annual professional fees or subscriptions to some HMRC approved professional organisations.

05 Feb 2018

What will the Spring Statement bring?

We had two Budgets in 2017 and the Spring Statement is planned for Tuesday 13 March.

05 Feb 2018

Scotland revise income tax bands

Derek Mackay, Scottish Finance Secretary, has made a change to the proposed Scottish income tax bands for 2018/19.

05 Jan 2018

Scottish Draft Budget

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.

05 Jan 2018

Land and Buildings Transaction Tax and First-Time Buyer Relief

The Scottish government announced that they will introduce a new Land and Buildings Transaction Tax relief for first-time buyers.

05 Jan 2018

Welsh Land Transaction Tax

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.

05 Jan 2018

Proposals to extend pensions auto enrolment to younger workers

The government has announced proposals to extend pensions auto enrolment to include younger workers and to amend the way in which contributions are calculated.

05 Jan 2018

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

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 payments made at the Post Office or by credit card.

05 Jan 2018

HMRC warning about iTunes gift card scam

HMRC are urging people to stay safe from a phone scam that is conning elderly and vulnerable people out of thousands of pounds.

04 Dec 2017

Employee gifts - tax free?

At this time of year some employers may wish to make small gifts to their employees.

04 Dec 2017

Pension contribution increases and temporary staff

The Pensions Regulator is reminding employers that they need to comply with their auto enrolment duties.

04 Dec 2017

Delay to roll out of Tax free childcare

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.

04 Dec 2017

Autumn Budget 2017

The Chancellor Philip Hammond presented his first Autumn Budget on Wednesday 22 November 2017.

04 Dec 2017

Advisory fuel rates for company cars

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

04 Dec 2017

Trusts Registration Service

HMRC have launched a new Trusts Registration Service, so that trustees can register their trust online and provide information on the beneficial owners of the trust.

04 Dec 2017

Delay in the abolition of Class 2 NIC

The government has announced that it will introduce legislation to abolish Class 2 national insurance contributions and to make further proposed changes in 2018.

03 Nov 2017

Interest rates rise

The Bank of England has raised interest rates from 0.25% to 0.5%, the first rate rise in ten years.

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