The government recently announced the introduction of a new National Living Wage (NLW) for working people aged 25 years and above. The impact of the National Living Wage will vary significantly across different businesses, but will be particularly significant for care...
Claiming the marriage allowance - updated guidance The Low Incomes Tax Reform Group have published their updated guidance on how to apply for the new transferable personal allowance, known as the marriage allowance, for married couples and civil partners which came...
Extension of farmers' averaging to give greater flexibility One of the important announcements in the March Budget was the extension of farmers’ averaging, where farmers who meet specific conditions can average their profits for income tax purposes, from two years to...
SRA set to relax Reporting Accountants' requirements Following a consultation period, which ran between May and June last year, the Solicitors Regulation Authority (SRA) announced, in September 2014, that a three-stage process regarding the proposed new changes to...
Beware email password recovery scam One of the increasing trends in cyber-crime is hacking into a victim's email account, either to steal personal and sensitive information or to gather information about them to access their bank account or steal their identity. In...
HMRC have now issued the first in-year PAYE penalties HMRC have now issued the first in-year penalties notices to employers with fewer than 50 employees who missed the deadline for sending PAYE information to HMRC. Rather than issue late filing penalties automatically...
Changes for 'Buy to Let' landlords in Summer Budget It was announced in the Summer 2015 Budget that the government will restrict the amount of income tax relief landlords can claim on residential property mortgage interest costs to the basic rate of income tax. This...
The family home: new Inheritance Tax (IHT) rules The government has announced, in the Summer 2015 Budget, the introduction of a new transferrable nil rate band for the family home. The additional band will apply where a residence is passed on death to direct...
The Chancellor announced in the Summer 2015 Budget that the Annual Investment Allowance will be set permanently at £200,000 from 1 January 2016. He has previously said that this would be included in the Autumn Statement, but this earlier announcement provides welcome...
The government recently announced the introduction of a new National Living Wage (NLW) for working people aged 25 years and above. The impact of the National Living Wage will vary significantly across different businesses, but will be particularly significant for care...
Claiming the marriage allowance - updated guidance The Low Incomes Tax Reform Group have published their updated guidance on how to apply for the new transferable personal allowance, known as the marriage allowance, for married couples and civil partners which came...
Extension of farmers' averaging to give greater flexibility One of the important announcements in the March Budget was the extension of farmers’ averaging, where farmers who meet specific conditions can average their profits for income tax purposes, from two years to...