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News Stories

Coding out debts deadline

  • Posted On: 22 December 2016
Coding out debts deadline The coding threshold entitles taxpayers to have tax underpayments collected via their tax code provided they are in employment or in receipt of a UK-based pension. The coding applies to certain debts such as Self Assessment liabilities, tax credit

Date announced for Spring Budget 2017

  • Posted On: 22 December 2016
Date announced for Spring Budget 2017 Hot on the heels of the recent Autumn Statement, the Chancellor has announced that the Spring Budget will be held on Wednesday, 8 March 2017. This will be the last Spring Budget to take place following the government’s decision to switch to an

Help to Buy sales update

  • Posted On: 22 December 2016
Help to Buy sales update The latest statistics on the uptake of the Government’s flagship Help to Buy schemes were published on 15 December 2016. The figures show that over 220,000 homes have been bought since the schemes were first launched in October 2013. The portfolio of

Changes to the Scottish rate of income tax

  • Posted On: 22 December 2016
Changes to the Scottish rate of income tax The Scottish rate of income (SRIT) commenced on 6 April 2016 and is administered by HMRC on behalf of the Scottish government. The SRIT is payable on the non-savings and non-dividend income of those defined as Scottish taxpayers. For the 2016-17 the

New edition of the employer bulletin

  • Posted On: 22 December 2016
New edition of the employer bulletin HMRC has released the latest issue of the 'Employer Bulletin' publication which includes summaries of recent changes and updates that have been announced which are relevant to employers and agents. The topics covered in the latest edition include

Consultation on new financial guidance advice body

  • Posted On: 22 December 2016
Consultation on new financial guidance advice body It was announced earlier this year as part of the Queen’s speech that the pensions guidance service, Pension Wise is to be merged with the Pension Advisory Service and Money Advice Service. The three money advice services will be merged into a single

Auto-enrolment earnings trigger frozen

  • Posted On: 20 December 2016
Auto-enrolment earnings trigger frozen The government has now completed its annual review of the pension automatic enrolment earnings trigger and qualifying earnings band and it has announced that the earnings trigger will again be frozen at £10,000 for 2017/18. The earnings trigger

Gender pay gap regulations published

  • Posted On: 15 December 2016
Gender pay gap regulations published The final draft version of the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 has been published. Subject to Parliamentary approval, the regulations are to come into force on 6 April 2017, a few weeks earlier than originally

Government to waive VAT on Jo Cox charity single

  • Posted On: 14 December 2016
Government to waive VAT on Jo Cox charity single The Chancellor, Philip Hammond, has announced that the government will donate the VAT on sales of the Christmas single in memory of the late MP Jo Cox. All proceeds from the sale of the single will go to the Jo Cox Foundation which supports a range

Basic bank accounts update

  • Posted On: 14 December 2016
Basic bank accounts update Fee-free basic bank accounts were launched on 1 January 2016. Basic bank accounts are for people who do not have a bank account, are ineligible for a standard current account or who can’t use their existing account due to financial difficulty. These