News

For the eleventh year in succession Walker Thompson managed to submit 100% of client tax returns where we had received all the necessary information to enable us to do so. January 2016 proved to be unusually busy for the firm and we shall be encouraging everyone concerned to file earlier for 2016 returns. Leaving things…

To ask any question about the new flat-rate State Pension scheme seems to suggest a straightforward answer. Everyone will get the same amount won’t they? The answer to the latter question is no. The amount you will get will depend upon a number of factors including:    how many qualifying years you have on your…

AUTUMN STATEMENT 2015 EXPECTATIONS UK TAX GAP FALLS TO 6.4% CBI WARNS GOVERNMENT NOT TO ‘TINKER’ WITH PENSIONS TAX HMRC’S LANDLORD CAMPAIGN NETS £50 MILLION IDENTITY THEFT – ICO GUIDANCE ‘STATE PENSION TOP UP’ SCHEME WORKPLACE PENSIONS – DON’T IGNORE IT NMW OFFENDERS NAMED AND SHAMED AUTUMN STATEMENT 2015 EXPECTATIONS Tax credits have been in…

DEADLINE FOR ‘PAPER’ SELF ASSESSMENT TAX RETURNS AUTUMN STATEMENT DATE ANNOUNCED 5p CARRIER BAG CHARGE COMES INTO FORCE MAKING TAX SIMPLER FOR CHARITIES GOVERNMENT TOUGHENS NATIONAL MINIMUM WAGE (NMW) SANCTIONS BUSINESS RATES APPEAL PROPOSALS ARE A ‘BARRIER TO JUSTICE’ DEADLINE FOR ‘PAPER’ SELF ASSESSMENT TAX RETURNS For those individuals who have previously submitted ‘paper’ self…

TAXING DIVIDENDS FROM APRIL 2016 NATIONAL MINIMUM WAGE RATES AND NATIONAL LIVING WAGE ATED UPDATED PROCEDURES HMRC TARGETS WEALTHY ‘TAX CHEATS’ IN SCOTLAND AUTO ENROLMENT ‘ENGAGEMENT’ AND CALCULATION TOOL ADVISORY FUEL RATES FOR COMPANY CARS COMPANY FOR SALE   TAXING DIVIDENDS FROM APRIL 2016 In the Summer 2015 Budget, George Osborne announced fundamental changes to…

TAX-FREE CHILDCARE TO LAUNCH IN 2017 FOLLOWING COURT RULING TIME TO PAY ARRANGEMENTS – MANDATORY DIRECT DEBIT NMW CAMPAIGN TARGETS HAIR AND BEAUTY SECTOR LATEST JOB MARKET STATISTICS ALCOHOL WHOLESALER REGISTRATION SCHEME FARMERS AVERAGING OF PROFITS PENSION SCHEMES FOR AUTO ENROLMENT TAX-FREE CHILDCARE TO LAUNCH IN 2017 FOLLOWING COURT RULING The government has welcomed a…

BUDGET ANNOUNCEMENTS CHANGES FOR ‘BUY TO LET’ LANDLORDS ANNUAL INVESTMENT ALLOWANCE CERTAINTY THE FAMILY HOME AND IHT NATIONAL LIVING WAGE PAYE LATE FILING PENALTIES CLAIMING THE MARRIAGE ALLOWANCE PHISHING EMAILS HMRC EXAMPLES HMRC CHECKING EMPLOYEES HAVE PAID THE CORRECT AMOUNT OF TAX ON THEIR PAY STATISTICS SHOW EMPLOYMENT RISE IN 2015 BUDGET ANNOUNCEMENTS George Osborne…

GOVERNMENT ANNOUNCES DATE OF SUMMER BUDGET 65+ GUARANTEED GROWTH BONDS A SUCCESS HMRC ISSUE GUIDANCE ON VAT RECLAIMS BY QUALIFYING CHARITIES HMRC PAYROLL GUIDANCE – HARVEST CASUALS AND CASUAL BEATERS DRIVING LICENCE PAPER COUNTERPART NO LONGER VALID ADVISORY FUEL RATES FOR COMPANY CARS GOVERNMENT ANNOUNCES DATE OF SUMMER BUDGET The Chancellor of the Exchequer George…

PARLIAMENTARY PROCESSES LATEST LABOUR MARKET STATISTICS WARNING OVER PENSION SCAMS TPR GUIDANCE FOR SMALL EMPLOYERS WITH NO ‘STAFF’ LACK OF AWARENESS OF VAT RULES P11D FORMS – DON’T GET THEM WRONG VAT FUEL SCALE CHARGES VAT RECOVERY ON CAR-DERIVED VANS AND COMBI VANS PARLIAMENTARY PROCESSES With the voting underway in today’s General Election there are…

IT TAKES A TEAM TO PICK A PLUM BUDGET 2015 PERSONAL TAX RATES AND ALLOWANCES TAX BANDS AND RATES FOR 2015/16 STARTING RATE OF TAX FOR SAVINGS INCOME PROPOSED PERSONAL ALLOWANCES TO COME PERSONAL SAVINGS ALLOWANCE HELP TO BUY ISA PENSION FREEDOMS FOR THOSE WITH ANNUITIES NATIONAL MINIMUM WAGE RISES AUTO ENROLMENT GUIDANCE FOR SMALL…