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
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
The latest NLP newsletters have been published today. As ever, there are two newsletters covering key developments in personal and business finance respectively. The Personal Tax Newsletter contains vital information regarding the Requirement to Correct. Anyone with undeclared overseas income has until the 30th of September to amend their records. The mailout also covers recent … Read more Read the Latest NLP Newsletters
The government’s landmark Making Tax Digital (MTD) for business initiative is set to take effect from 1 April 2019, beginning with MTD for VAT. Here, we take a look at the latest position, and consider the recent delay to some of HMRC’s new digital services. MTD for business: an overview The MTD for business initiative … Read more Making Tax Digital: Where Are We Now?
As the nation digests the reality of an EU exit and with Prime Minister David Cameron handing in his resignation, we now face a period of uncertainty in both our business and our personal affairs. It is important for us to turn our attention towards how Brexit will affect key accountancy issues, including tax and help … Read more UK votes to leave EU – What next?
With effect from 6 March 2015, employers with fewer than 50 employees are required to submit their payroll information to HM Revenue & Customs (HMRC) via the Real Time Information (RTI) system, or face a late filing penalty. Under the RTI penalty system, businesses that fail to submit their information on time are liable to … Read more HMRC offers small concession for late RTI returns
Stamp costs are set to rise from the end of this month, Royal Mail has announced. From 30 March the cost of first class and second class stamps will both rise by 1p, to 63p and 54p respectively. A variety of other postage costs will also change. Sending a large letter will increase by 2p … Read more Stamp and postage costs set to rise this month
The Confederation of British Industry (CBI) has urged the next government to help medium-sized businesses to gain access to funding. Finding large investors through a private placement market, without having to list on a stock exchange, is the CBI’s recommendation to allow SMEs to grow. CBI Director-General, John Cridland, said: ‘The UK is still missing … Read more Medium sized companies key to job creation, says CBI
Lloyds Banking Group has paid its first dividend to shareholders since it was bailed out in 2008, a total of £535 million. In what Chancellor George Osborne has called a ‘major milestone’ for the British economy, the Treasury’s 23.9% stake in Lloyds will pay out £130 million. Mr Osborne said: ‘This is good news not … Read more Taxpayers benefit from Lloyds dividend
There have been sweeping changes to the Tier 1 (investor) visa offered by the Government. From November 2014, the £1 Million Investment route will be replaced by the a new 2 Million Investment route. Existing migrants with Tier 1 (Investor) statuses will not be affected by these changes. New applicants wishing to join this route … Read more Changes to Tier 1 (Investor) Visa