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News Stories

Launch of the Tax-Free Childcare Scheme

  • Posted On: 30 March 2017
Launch of the Tax-Free Childcare Scheme It has been confirmed that the new Tax-Free Childcare Scheme (TFCS) will be launched on 28 April for parents of young children. All eligible parents will be able to join the scheme by the end of 2017. The TFCS will support working families with

New £1 coin in use from 28 March 2017

  • Posted On: 30 March 2017
New £1 coin in use from 28 March 2017 The new £1 coin entered circulation on 28 March 2017 and is now legal tender. The new £1 coin is 12-sided and will replace the round shaped £1 coin that has been in use for 30 years. The new coin has being introduced to help combat the use of

Non-domiciles living in the UK

  • Posted On: 30 March 2017
Non-domiciles living in the UK In July 2015, George Osborne announced measures to reduce the availability of non-domicile status to those living a substantial amount of time in the UK. These measures are effective from April 2017, and will affect any person who has been resident

New Investment Bond

  • Posted On: 30 March 2017
New Investment Bond It was announced as part of the last autumn statement that a new National Savings and Investments (NS&I) product called the NS&I Investment Bond will be launched. It has now been confirmed that the product will be available for 12 months from

Money Laundering Regulations

  • Posted On: 30 March 2017
Money Laundering Regulations The Money Laundering Regulations (MLR) are designed to protect the UK financial system and put in place certain controls to prevent businesses being used for money laundering by criminals and terrorists. Many businesses are monitored by the

Second incomes campaign

  • Posted On: 30 March 2017
Second incomes campaign The second incomes campaign offers individuals the opportunity to inform HMRC that they have undeclared income from a supplementary income stream. The campaign targets individuals in employment who have an additional untaxed source of income. The

Employment law changes

  • Posted On: 28 March 2017
Employment law changes The following key changes to employment law will come into force in April 2017: From 6 April 2017, the Finance Act 2016 will require employers with an annual pay bill in excess of £3 million in a given year to pay a 0.5% apprenticeship levy on

Tax Diary April/May 2017

  • Posted On: 24 March 2017
1 April 2017 - Due date for Corporation Tax due for the year ended 30 June 2016. 19 April 2017 - PAYE and NIC deductions due for month ended 5 April 2017. (If you pay your tax electronically the due date is 22 April 2017) 19 April 2017 - Filing

Finance Bill 2017

  • Posted On: 23 March 2017
Finance Bill 2017 The Finance Bill 2017 was published on 20 March 2017 and runs to a mammoth 762 pages, comfortably taking the record for the longest bill from Finance Bill 2012 which ran to 686 pages. The Bill together with the explanatory notes contains 313,031

Emails and letters from HMRC

  • Posted On: 23 March 2017
Emails and letters from HMRC HMRC continues to warn taxpayers about email scams. Phishing emails are used by fraudsters to access recipients’ valuable personal details, such as usernames and passwords. Whilst these messages may appear to be genuine they are potentially dangerous