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Tax Tips and News

  • HMRC launch new business support service

    Newsletter issue - November 2017.HMRC have launched a new service designed to directly help mid-sized businesses as they expand and grow. The new Growth Support Service (GSS) will be open to some 170,000 mid-sized businesses registered in the UK who are undergoing significant growth, and who either have a turnover of more than £10 million,…Read More

  • OTS outlines future work plans

    Newsletter issue - November 2017.The Office of Tax Simplification (OTS) has published a paper outlining its future works programme, identifying areas of interest that the office will be looking at in the next twelve months and beyond. The OTS is currently working on a review of VAT, and expects to publish its report in October…Read More

  • All change for termination payments

    Newsletter issue - November 2017.As confirmed in the 2017 Spring Budget, the tax rules governing termination payments will change from 6 April 2018. The term 'termination payment' is typically used as a generic summary for a lump sum payment, which is normally (but not always) made to an employee at the time the employment comes…Read More

  • Using the IHT gift exemptions

    Newsletter issue - November 2017.As Benjamin Franklin observed in 1789 'In this world nothing can be said to be certain, except death and taxes.' More than two centuries on, this statement still rings true! These days however, inheritance tax is often referred to as a voluntary tax, because there are various ways to minimise liability…Read More

  • November questions and answers

    Newsletter issue - November 2017.Q. My wife and I are directors of a small company. Our two children also work for the company. Is there any advantage to the company paying for all our mobile phones? A. The tax legislation provides exemptions from tax, and often National Insurance Contributions, for certain benefits-in-kind - mobile phones…Read More

  • Autumn Budget November 2017

    Summary Chancellor Philip Hammond has delivered his first Autumn Budget under the new system he announced this time last year. The aim of the new system is for the Finance Bill, which is normally published after the annual Budget, to reach Royal Assent stage in the spring of each year, before the start of the…Read More

  • November key tax dates

    Newsletter issue - November 2017. 2 - Last day for car change notifications in the quarter to 5 October - Use P46 Car 19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/11/2017 22 - Chancellor Philip Hammond will deliver the Government's Autumn 2017 Budget.Read More

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