Tax Alerts - 2018
02 Aug 2018
The UK Government believes that businesses should be criminally liable where they fail to prevent those who act for them, or act on their behalf, from criminally facilitating the evasion of tax.
The Criminal Finances Act 2017 came into force on 30 September 2017 and introduced Part 3 Corporate Offences of failure to prevent facilitation of tax evasion (“FoTE”) which applied from that date to all companies and partnerships (wherever incorporated ...(more)02 Aug 2018
It’s wedding season so what better time to ponder the tax savings which could apply to married couples or those in civil partnerships.
An individual can make wedding gifts of up to £5,000 to their son/daughter without any inheritance tax implications. As each person is treated separately, this means 4 parents could give up to a total of £20,000 to the newly married couple – going a long way to ...(more)02 Aug 2018
HMRC have recently published their findings following the introduction of new IR35 legislation for the public sector which bacame effective from 6 April 2017 and which, in certain circumstances, deems individuals working through their own companies to be employees of their clients. HMRC’s view is that non-compliance with IR35 legislation within the private sector is widespread and increasing (as the number of one or two director personal service companies increases). ...(more)18 Apr 2018
There has been a lot of discussion in the papers about the new Scottish rates of income tax, which were announced in the Scottish Budget on 14 December 2017, but what does it really mean for you? Our article summaries the new tax rates and gives some guidance on the sources of income/deduction the new rates apply to.
Scottish Tax Rates
The Scottish tax rates will apply if you are a Scottish ...(more)16 Mar 2018
Philip Hammond delivered his Spring Statement on Tuesday 13 March. There was no red briefcase, no red book, and no tax changes as he delivered the statement in a speech lasting less than half the length of any of his previous statements.
The chancellor unveiled the latest economic forecasts alongside a raft of consultations.
Upcoming changes from April 2018
Auto EnrolmentFrom 6 April 2018, the minimum employer contribution towards an employee’s workplace pension ...(more)17 Jan 2018
Download our free tax calendar to help you remember all those tax deadlines in 2018.
Although the Autumn Budget didn’t contain many surprises (see our update) there are none the less a few tax changes taking effect this year that you should now be planning for.
Top changes include:
The dividend allowance (the amount you pay 0% tax on) is reducing from £5,000 per annum to just £2,000 per annum from 6 April ...(more)