Read the Latest NLP Newsletters

The latest NLP newsletters have been published this week. As ever, there are two newsletters covering key developments in personal and business finance. The Personal Tax Newsletter includes articles about planning for Inheritance Tax and Pensions tax relief. Landlords will find information about furnished holiday lettings and how they can be used as a tax-free … Read more Read the Latest NLP Newsletters

Business and Tax Round-up

Government scraps its plans to abolish Class 2 NICs The government recently scrapped its plans to abolish Class 2 national insurance contributions (NICs). They were originally due to be abolished in April 2018, but the plans were delayed for a year until April 2019. The government has now announced that Class 2 NICs will not be … Read more Business and Tax Round-up

Creating a business continuity plan

A recent report by the Federation of Small Businesses (FSB) has revealed that many business owners in the UK are not sufficiently prepared to handle unexpected disruption to their business. A business continuity plan can help to safeguard your business against both internal and external disasters. By considering the points below, you can help to … Read more Creating a business continuity plan

Getting to grips with PAYE

HMRC recently reviewed the ‘effectiveness’ of its risk-based approach to late filing PAYE penalties, and opted to continue to use this approach for the current tax year. Here we provide an overview of the PAYE system. How the PAYE system works Pay As You Earn (PAYE) is the system through which employers deduct an amount of … Read more Getting to grips with PAYE