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Flat Rate VAT – limited cost traders

From the 1 April 2017, HMRC is changing the Flat Rate percentage for business with a limited cost base. They are tackling what they perceive to be abuse of the flat scheme by mainly service based...

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Spring Budget 2017

As with every budget much of it was confirming what already known.  The suprises were the changes to Class 4 and the reduction to the Dividend tax-free allowance just two years after its introduction....

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Spring Budget 2017 – update

One of the significant announcements Chancellor Philip Hammond made on Budget Day was the proposed increases to the main rate of Class 4 National Insurance Contributions (NICs) paid by self-employed...

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National Minimum Wage and National Living Wage – April 2017

Both the National Minimum Wage (NMW) and National Living Wage (NLW) increased on 1 April 2017 Year Employees aged 25 and over (NLW) Employees aged 21 to 24 (NMW) Employees aged 18 to 20 (NMW) Employees...

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Autumn Budget 2017

Phil Hammond MP presented his Autumn Budget on November 22, 2017. The budget was rather bland with no particular suprises. There was the usual increases to Personal allowance – to £11,850 Higher rate...

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