Pay Less Tax Newsletter – Winter 2019
Read the latest issue of our Pay Less Tax Newsletter – Winter 2019
Sibbalds host a Making Tax Digital Seminar at the Derby Enterprise Centre
Amidst all the Christmas festivities, the staff at Sibbalds have been busy bringing in gifts as part of their annual Reverse Advent Calendar Campaign, with all Christmas donations going to Children First.
National Minimum Wage V National Living Wage – What’s The Difference?
The National Minimum Wage (NMW) is the minimum pay per hour workers of school leaving age but under 25 are entitled to by law. The National Living Wage (NLW) in simple terms is the new minimum wage rate for those aged 25 and over and is basically a rebranding of the NMW.
Tax Relief for Construction and Refurbishment
A new tax relief intended to support business investment in the construction of new buildings and structures or refurbishment of existing buildings, will be granted for costs incurred after 29th October 2018.
Higher Tax and NIC for Contractors to the Private Sector
Contractors who work through personal service companies and contract to private sector businesses will see their contracts brought under tighter scrutiny from April 2020.
Sibbalds support this year’s Children in Need with a quiz (and cake!)
All the staff joined together over lunch to test their general knowledge with a quiz as three teams went head to head to prove themselves to be the smartest. The competition was closed with a tiebreaker round to declare the overall winner and over £195 raised for Children in need.
Welcome to Laura Gaskin who joins us as a Bookkeeper
Welcome to Laura Gaskin who joins us as a Bookkeeper and is studying towards her AAT. A keen walker, she recently climbed Scafell Pike and you might also spot her from time to time at Derby County home games.
Employment Tax and Legislation updates – Autumn 2018
In this blog post, we summarise the latest changes to Employment tax and legislation including Off-payroll working in the private sector, Employment Allowance, Employer provided cars and Self-funded work-related training
Making Tax Digital for Business: VAT
Regulations have now been issued which set out the requirements for MTD for VAT. Under the new rules, businesses with a turnover above the VAT threshold (currently £85,000) must keep digital records for VAT purposes and provide their VAT return information to HMRC using MTD functional compatible software.
Class 2 National Insurance Contributions to remain
George Osborne announced the abolition of Class 2 NIC in the summer 2015 budget to take effect from April 2018, allowing plenty of time for the intended reform of Class 4 NIC legislation intended to pick up the contribution shortfall following abolition and ensure continued provision of pensions and benefits to the self-employed.
