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Tax incentives to invest in qualifying assets

  • Posted On: 06 December 2017
Tax incentives to invest in qualifying assets The annual investment allowance (AIA) limit is a generous capital allowance that will more than cover the annual capital expenditure spend of many small and medium sized businesses. The AIA is a 100% upfront allowance that applies to qualifying

Reminder of current tax relief for pension contributions

  • Posted On: 06 December 2017
Reminder of current tax relief for pension contributions Many commentators had predicted that the Chancellor would further reduce the annual amount that can be saved into a pension as part of the Budget measures. However, these fears appear to have been unfounded as no changes were announced. The annual

Why don’t we still pay Class 2 NIC monthly?

  • Posted On: 06 December 2017
Why don’t we still pay Class 2 NIC monthly? Class 2 national Insurance contributions (NICs) are paid by self-employed taxpayers and members of partnerships if their annual profits are over £6,025. Class 2 NICs are payable at a flat weekly rate currently, £2.85. Class 2 NICs count towards

Tax win for Spurs

  • Posted On: 06 December 2017
Tax win for Spurs HMRC’s appeal to the Upper Tribunal over termination payments made to two football players employed by Tottenham Hotspur has been rejected. The case related to the tax position of termination payments made to two professional footballers in

Fit for Work referral and assessment service to be abolished

  • Posted On: 04 December 2017
Fit for Work referral and assessment service to be abolished The government has confirmed that, as a result of “low referral rates”, its national Fit for Work referral and assessment service will come to an end in England and Wales on 31 March 2018 and on 31 May 2018 in Scotland. The Fit for Work service

Statutory pay to rise from April 2018

  • Posted On: 30 November 2017
Statutory pay to rise from April 2018 In a written ministerial statement, the government has announced the proposed new rates for statutory maternity pay (SMP), statutory adoption pay (SAP), statutory paternity pay (SPP), statutory shared parental pay (ShPP) and statutory sick pay (SSP)

Sexual harassment and pregnancy and maternity discrimination

  • Posted On: 30 November 2017
Sexual harassment and pregnancy and maternity discrimination Acas has published new guidance for employers and employees that outlines what kind of workplace behaviours could be considered sexual harassment and how to report and handle it. The guidance covers: what is sexual harassment? how does sexual

Company capital gains tax increase

  • Posted On: 29 November 2017
Company capital gains tax increase As part of the Budget measures, the Chancellor announced that the indexation allowance for companies that make capital gains is to be scrapped. The indexation allowance currently allows companies or organisations to include the effects of inflation

First-time buyer bonanza

  • Posted On: 29 November 2017
First-time buyer bonanza The biggest prize from the recent Budget went to first-time home buyers after the Chancellor announced changes to the stamp duty land tax (SDLT) rules. With immediate effect from Budget day, SDLT has been abolished for first-time buyers making a

Low-emission vehicles plug-in grant

  • Posted On: 29 November 2017
Low-emission vehicles plug-in grant The low-emission vehicles plug-in grant can help you save up to £4,500 on the purchase price of a new electric or hybrid car. The scheme was first launched in 2011 and is available across the UK and offers a grant towards the price of eligible new