Read the latest issue of our Pay Less Tax Newsletter – Summer 2018 Edition
The Chancellor Philip Hammond presented his first Autumn Budget on Wednesday 22 November 2017.
His report set out a number of actions the government will take including support for more housebuilding. His view is that the economy continues to grow and continues to create more jobs.The major attention-grabber was aimed at first time buyers who will not have to pay Stamp Duty Land Tax on homes costing up to £300,000.
Read the latest issue of our Pay Less Tax Newsletter – Autumn 2017 Edition
The Pensions Regulator (TPR) has begun carrying out employer spot checks to make sure employers are complying with their automatic enrolment duties and that they are giving their staff the workplace pensions they’re entitled to.
The government is to introduce new data protection rules under the General Data Protection Regulation (GDPR) which takes effect from 25 May 2018. Businesses will have increased obligations to safeguard the information of customers, suppliers or employees which is stored and processed.
HMRC have announced that from the end of May 2017 they will be using Real Time Information (RTI) to make adjustments to employee tax codes in-year as and when the need arises.
Read the latest issue of our Pay Less Tax Newsletter 2016 / 17 Winter Edition
‘Making Tax Digital’ (MTD) is a government initiative that sets out a vision for ‘a transformed tax system and the end of the tax return’ by 2020. Under the MTD scheme, HMRC is aiming to create a single ‘digital account’ for each taxpayer in order to unify their different taxes and make it easier for them to manage their tax affairs. Taxpayers will be able to log into their digital account in order to view all payments made and offset overpayments from one tax against underpayments in others.
From 6 April 2017, contractors must use an approved method of electronic communication to verify their subcontractors. HMRC will only accept verification via teh free HMRC CIS online service, or commercial CIS software.