During the Chancellor’s 2015 Autumn Statement, the Government announced its plans to reform tax legislation to require small businesses, the self-employed and landlords to update HMRC quarterly, rather than completing an annual tax return. The Government intends for quarterly updates … Continue reading
Category Archives: Latest News
Employment Allowance set to rise
The Employment Allowance that enables employers to reduce their NI bill by £2,000 is being extended from 6 April 2016 to £3,000.
Excuses, excuses
HM Revenue & Customs (HMRC) has revealed the worst excuses it has heard over the previous year from people filing late tax returns.
Small firms struggle with workplace pensions
A survey by the Federation of Small Businesses (FSB) has found that nearly half of the employers who must set up a workplace pension scheme for their staff in the next two years are confused about their responsibilities.
Buy-to-let mortgage applications from limited companies more than double as landlords strive to beat tax hikes
The number of buy-to-let loan applications from limited companies has surged in recent months as landlords prepare for tax hikes starting in April, say mortgage brokers.