HMRC demands building contractors to charge themselves VAT As of the 1st October 2019, builders, contractors and other trades within the building industry will have to adjust to the new…
Construction Industry Scheme – Helpful Remnders For Subcontractors Here are some hints and tips for employers who also operate as a subcontractor.Payment and Deduction Statements When you receive payment from…
State Aid approval granted for the Enterprise Management Incentive It has previously been reported that the Enterprise Management Incentive State Aid approval lapsed on 6 April 2018. On 15 May…
Universal Credit And Self Employment The government has published a report called Universal Credit: supporting self-employment which considers the issues faced by self-employed claimants. The growth of self-employment has made…
Advisory Fuel Rates For Company Cars New company car advisory fuel rates have been published which take effect from 1st June 2018. The guidance states: ‘You can use the previous…
200,000 Receive Back Pay As HMRC Enforces National Minimum Wage BEIS and HMRC are urging underpaid working to complain about National Minimum Wage (NMW) underpayments. Recent figures show that the…
Tax Refund Scams Warning From HMRC HMRC has issued a warning to taxpayers regarding the latest tax refund scams. These scams are targeting individuals via email and SMS messages. HMRC…
GDPR Compliance Deadline Looms With less than one month until the introduction of the new General Data Protection Regulation (GDPR), the Federation of Small Businesses (FSB) is warning small and…
The Chancellor, Philip Hammond, has delivered the government's response to the forecast from the Office for Budget Responsibility in his Spring Statement on Tuesday 13 March 2018. GW Cox &…
'employing' self employed staff? With all the cost and responsibility of employing staff under PAYE and now pension costs, it is understandable that consideration is given to self-employed staff. However,…
Finance Secretary Derek Mackay delivered the 2018/19 Scottish Draft Budget on Thursday 14 December 2017 setting out the Scottish government's financial and tax plans. The Scottish government has the power…
The Scottish government announced that they will introduce a new Land and Buildings Transaction Tax (LBTT) relief for first-time buyers of properties up to £175,000. The relief will raise the…
The government has announced proposals to extend pensions auto enrolment to include younger workers and to amend the way in which contributions are calculated. According to the press release:'The review's…
With many individuals having tax payments to make at the end of this month it is important to be aware that HMRC have announced that they will no longer accept…
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…
HMRC have issued the October 2017 Employer Bulletin which contains a number of articles relevant to employers on payroll related issues. HMRC are advising that following the changes to the…
The Bank of England (BoE) has raised interest rates from 0.25% to 0.5%, the first rate rise in ten years. In explaining the reasons behind the rise, the BoE monetary…
With the Chancellor’s first Autumn Budget due to be presented on 22 November, professional bodies and business groups are setting out their Budget wishlists. Recommendations include changes to Business Rates,…
HMRC have changed the way in which they will assess some taxpayers removing the need for these individuals to complete a Self Assessment Tax Return. These changes took effect from…
The Criminal Finances Act 2017 took effect on 30 September 2017. It makes companies and partnerships, a ‘relevant body’, criminally liable if they fail to prevent the facilitation of tax…