Making Tax Digital shelved

Admin All Members, Public 0 Comments

Making Tax Digital (MTD) shelved! The Treasury has removed 72 of the 136 clauses from the Finance Bill so that they could get it through Parliament before it is dissolved ahead of the General Election. Amongst the key proposals that have been shelved are plans to ‘Make Tax Digital’ by forcing …

New tax forum for start-ups

Daniel Carey All Members, Public 0 Comments

An online forum for start ups and small business owners has been launched by HMRC. The Small Business Forum is divided into three categories: starting your business, growing your business and managing your business. Registered forum users can post questions about filing tax returns, paying tax and using HMRC’s digital …

Tax boost for hobby and micro businesses

Admin All Members

In recent years HMRC have been trying to clamp down on people running small online businesses in their spare time and have used a number of initiatives to encourage people trading online to register as businesses even if they are only trading on a very small scale. At the same time, HMRC have …

National Living Wage

Admin Non Members

The Government’s new National Living Wage is now law. If you’re working and aged 25 or over and not in the first year of an apprenticeship, you are legally entitled to at least £7.20 per hour. That’s an extra fifty pence per hour. The Government is committed to increasing this …

Budget key points for business

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Our summary of the budget headlines relating to business and self-employment. Tax From 6 April 2016, the higher rate of Capital Gains Tax (CGT) will be reduced from 28% to 20%, and the basic rate will be reduced from 18% to 10%. The VAT registration threshold will increase in line with …