Please note that due to holiday commitments, our offices will be closed on Friday 6th April. We will be open for business as usual from 9.00am Monday 9th April. We thank you in advance for your understanding.
Contractors are being reminded to proceed with caution if ever they receive a phone call from someone purporting to be from HM Revenue & Customs (HMRC) insisting they need to pay an overdue tax bill. The warnings come after several reports emerged earlier this month suggesting that bogus phone calls from fraudsters posing as HMRC officials were growing increasingly common… read more →
As part of the global fight against tax evasion, the major world economies (aside from the USA) have agreed a system of annual automatic exchange of financial information about individual taxpayers’ bank accounts and other assets. This is known as the Common Reporting Standard (CRS). The USA has it‘s own legislation called The Foreign Tax Account Compliance Act (FATCA) and… read more →
From 6 April 2018, the existing tax-free dividend allowance of £5,000 will be reduced to £2,000, it has been confirmed. The measure, which is intended to “ensure that support for investors is more effectively targeted and that the total amount of income they can receive tax-free is fairer and more affordable,” will be widely felt by all individuals with a… read more →
In recent days, rumours have emerged that the Government’s intended extension of new IR35 rules to the private sector could be delayed until at least 2020, after Chancellor Philip Hammond failed to address the issue in his Spring Statement announcements on Tuesday 13 March. Previously, the contracting community was expecting the Chancellor to confirm that an extension of the new… read more →
What do Betamax, a Donald Trump Board game and the Nokia N-Gage have in common? The answer – they are all exhibits at a brand new museum known as ‘the Museum of Failure’. Previously located in Sweden, as many as 100 bemusing reminders of forgotten products and failed business ideas have all been shipped to Los Angeles this year to… read more →
By the time Chancellor Philip Hammond rose to his feet in the House of Commons to deliver the first Spring Statement, he had already offered plenty of hints that this would be a low-key affair. Gone was the primetime Wednesday slot after Prime Minister’s Questions, gone was the trailing of policy announcements in the days and weeks beforehand and gone… read more →