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Delay to roll out of Tax free childcare

The government have announced a delay to the roll out of tax free childcare which was expected to be fully implemented by the end of the year. From 24 November 2017 the service is available to parents ...

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Delay in the abolition of Class 2 NIC

The government has announced that it will introduce legislation, to abolish Class 2 national insurance contributions (NIC) and to make further proposed NIC changes in 2018. The measures the legislatio ...

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Employee gifts – tax free?

At this time of year some employers may wish to make small gifts to their employees. A tax exemption is available which should give employers certainty that the benefits provided are exempt and do not ...

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Budget 2017: Personal Tax

The personal allowance The personal allowance is currently £11,500. The personal allowance for 2018/19 will be £11,850. Comment A reminder that not everyone has the benefit of the full personal allowa ...

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Budget 2017: Business Taxes

Making Tax Digital for Business: VAT In July 2017, the government announced significant changes to the timetable and scope of HMRC’s digital tax programme for businesses. VAT will be the first tax whe ...

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Budget 2017: Employment Taxes

Different forms of remuneration In the Spring Budget the government stated it wished to consider how the tax system ‘could be made fairer and more coherent’. A call for evidence was subsequently publi ...

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Budget 2017: Capital Taxes

Capital gains tax (CGT) rates The current rates of CGT are 10%, to the extent that any income tax basic rate band is available, and 20% thereafter. Higher rates of 18% and 28% apply for certain gains; ...

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Budget 2017: Other matters

Business rates Business rates have been devolved to Scotland, Northern Ireland and Wales. The business rates revaluation took effect in England from April 2017 and resulted in significant changes to t ...

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Simple Assessment

HMRC have changed the way in which they will assess some taxpayers, removing the need for these individuals to complete a Self Assessment Tax Return. These changes, known as Simple Assessment, took ef ...

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