News

HMRC ADVICE – PREPARE FOR NO DEAL START DATE LOOMING FOR MAKING TAX DIGITAL FOR VAT ADVISORY FUEL RATES FOR COMPANY CARS SCOTTISH INCOME TAX BANDS CONFIRMED FOR 2019/20 MINIMUM WAGE INCREASES PENSIONS AUTO ENROLMENT CONTRIBUTIONS TO RISE TAX EFFICIENT INVESTMENTS AHEAD OF THE TAX YEAR END LATEST UPDATE FOR EMPLOYERS HOUSEHOLDS WITH LANDLINES SHOULD…

Since 5 April 2017, people working in the public sector through intermediaries, agencies and their own companies have been subject to specific rules on “off-payroll working”. This, coupled with IR35 legislation was designed to ensure that those working within the NHS and other public organisations essentially pay the same level of tax and NI as…

The MTD deadline of 1 April 2019 is fast approaching. From that date, VAT registered businesses will need to have in place a mechanism whereby they can report transactions in a digital format directly to HMRC. Our experience suggests that many businesses have invested in compliant software already and are well trained and supported in…

BUSINESSES URGED TO PREPARE FOR POST-BREXIT CUSTOMS DECLARATIONS MTD FOR VAT – PILOT EXTENDED TO ALL ELIGIBLE BUSINESSES HMRC’S VOICE ID DATABASE SPRING STATEMENT DATE ANNOUNCED ‘UNBELIEVABLE EXCUSES’ FOR LATE FILING OF TAX RETURNS PROTECT YOUR PENSION POTS   We are pleased to report that by 5.30pm on 31 January 2019, all Self Assessment Tax…

The UK will be leaving the EU on 29 M‌ar‌c‌h 2019. Leaving the EU with a deal remains the Government’s top priority, however the government and businesses should continue to plan for every possible outcome including no deal. In December, HMRC wrote to VAT-registered businesses that trade only with the EU advising them to take…

SCOTTISH BUDGET 2018 INCOME TAX CHANGES SCOTTISH BUDGET 2018 PROPERTY TAX CHANGES HMRC REMINDER TO EMPLOYEES TO CLAIM THEIR TAX DEDUCTIBLE EXPENSES PENSION CONTRIBUTION INCREASES AHEAD HMRC PUBLISH DETAILS OF DELIBERATE TAX DEFAULTERS SELF ASSESSMENT DEADLINE APPROACHING We hope that everyone had an enjoyable festive period and memorable New Year celebrations. Our first Newsletter of…

HAPPY CHRISTMAS FROM THE PARTNERS & STAFF AT WALKER THOMPSON

  COMMITTEE WARNS SMALL BUSINESSES ‘COULD PAY HEAVY PRICE’  FOR MTD AND LATEST ‘ENCOURAGEMENT LETTERS’ LEAVING THE EU WITH NO DEAL 180,500 NEW HOMEOWNERS BENEFIT FROM STAMP DUTY TAX RELIEF TAX-FREE GIFTS TO EMPLOYEES ADVISORY FUEL RATES FOR COMPANY CARS PHISHING TAX REFUND EMAIL TARGETS UNIVERSITY STUDENTS INHERITANCE TAX REVIEW BY OFFICE OF TAX SIMPLIFICATION…

OFFICE WEDDING BUDGET 2018 PERSONAL TAX CHANGES – ALLOWANCE AND BASIC RATE BAND INCREASED CAPITAL ALLOWANCES CHANGES ENTREPRENEURS’ RELIEF CHANGES MAKING TAX DIGITAL FOR BAT PUBLIC PILOT OPENS AND DEFERRAL FOR SOME BUSINESSES NEW GUIDANCE FOR EMPLOYERS HMRC COUNTDOWN : FILE YOUR TAX RETURN FURTHER CONTINGENCY PLANNING GUIDANCE ON A ‘NO DEAL BREXIT’ OFFICE WEDDING…

The Chancellor Philip Hammond presented his second Autumn Budget on Monday 29 October 2018. In his speech he stated that ‘austerity is coming to an end – but discipline will remain’. He also promised a ‘double deal dividend’ if the Brexit negotiations are successful but stated that there may be a full-scale Spring Budget in…