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News Stories

New compensation limits announced

  • Posted On: 28 February 2017
New compensation limits announced The Employment Rights (Increase of Limits) Order 2017 has been laid before Parliament and will come into force from 6 April 2017. The Order increases the limits applying to certain awards of employment tribunals and to other amounts payable under

Tax Diary March/April 2017

  • Posted On: 24 February 2017
1 March 2017 - Due date for Corporation Tax due for the year ended 31 May 2016. 2 March 2017 – Self Assessment tax for 2015/16 paid after this date will incur a 5% surcharge. 19 March 2017 - PAYE and NIC deductions due for month ended 5 March 2017.

Minimum wage increases

  • Posted On: 23 February 2017
Minimum wage increases The new National Minimum Wage (NMW) and National Living Wage (NLW) rates are due to come into effect on 1 April 2017. This is the first time that the NMW and NLW rates will be uprated in parallel. Historically, the NMW increased annually in October

Using the Lifetime ISA

  • Posted On: 23 February 2017
Using the Lifetime ISA The new Lifetime ISA will be available from April 2017. The Lifetime ISA is designed to help those aged between 18 and 40 to save for a new home or for their retirement. The new scheme will see the government provide a bonus of 25% on yearly savings

HMRC announces new support for mid-sized businesses

  • Posted On: 23 February 2017
HMRC announces new support for mid-sized businesses HMRC has used the publication of a new corporate report to announce new support services to the 170,000 mid-sized businesses operating in the UK. These businesses play an important role in developing entrepreneurship and creating new jobs. Mid-sized

Genuine HMRC email alert

  • Posted On: 23 February 2017
Genuine HMRC email alert HMRC has issued an advisory note to let employers know that it is in the process of emailing an employer alert. These emails are headed Important information for employers and refer to Employer Bulletin 64. These emails are genuine and include valid

Let property campaign

  • Posted On: 23 February 2017
Let property campaign HMRC’s Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with an opportunity to regularise their affairs by disclosing any outstanding liabilities, whether due to

Pension automatic enrolment

  • Posted On: 23 February 2017
Pension automatic enrolment Automatic enrolment for workplace pensions is intended to encourage employees to start making provision for their retirement with employers, with government contributing to make a larger pension pot. The timetable for employers to begin enrolling

Late filing of Self Assessment tax returns

  • Posted On: 16 February 2017
Late filing of Self Assessment tax returns Taxpayers that have not yet filed their 2015-16 Self Assessment returns will have been charged an automatic £100 penalty for late submission. The penalty applied from 1 February 2017 even if no tax was due or the tax due was paid on time. However,

The new £1 coin is coming

  • Posted On: 16 February 2017
The new £1 coin is coming The new £1 coin enters circulation on 28 March 2017. The new £1 coin will be 12-sided and will replace the round shaped £1 coin that has been in use for 30 years. The new coin is being introduced to help combat the problem of counterfeit coins and