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Coming soon: tax-free childcare Plans for the introduction of a new scheme called 'tax-free childcare' were initially announced way back in the 2013 Budget. The original proposals have since been amended and the scheme is now set to be implemented during 2017. Broadly, the new scheme, which aims to help working parents with the cost of childcare, will replace the…
Employers beware of plans to change Scottish income tax threshold Shortly before Christmas, the Scottish draft budget contained an announcement that Scottish taxpayers will start paying the 40p higher rate of income tax at a lower point than taxpayers elsewhere in the UK. This announcement means that businesses across the UK, not just in Scotland, will need to review their…
Implementation timetable for Making Tax Digital extended   Following representations from the House of Commons Treasury Committee, HMRC have published proposals to undertake a year-long pilot of the Making Tax Digital programme. HMRC are committed to having Making Tax Digital fully operational by 2020, and a pilot scheme is expected to run from April 2017 until April 2018. Software developers…
HMRC's tougher approach to offshore tax evasion   HMRC have implemented various measures over recent years designed to encourage those not paying the right amount of tax across their offshore tax affairs to make full disclosures. Whilst there has been a positive approach to the facilities provided, HMRC have recently reminded taxpayers that things are about to get even tougher…
February key tax dates   2 - Last day for car change notifications in the quarter to 5 January - Use P46 Car 19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/2/201 28 - First 5% penalty surcharge on any 2015/16 outstanding tax due on 31 January 2017 still unpaid Talk to us about year end…
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