Changing priorities at HMRC

Changing priorities at HMRC

Over the coming years, the government plans to phase in its landmark Making Tax Digital (MTD). This initiative, will see taxpayers move to a fully digital tax system. There are however changing priorities at HMRC and they have shared a statement about how they are...
Welsh Land Transaction Tax introduced

Welsh Land Transaction Tax introduced

The Welsh Land Transaction Tax introduced (LTT) was introduced from 1 April 2018 and will replace Stamp Duty Land Tax (SDLT). LTT will be collected by the Welsh Revenue Authority (WRA). HMRC has published guidance on the introduction of the new tax and the way in...
Year End Tax Planning 2017/18

Year End Tax Planning 2017/18

With the end of the tax year looming there is still time to save tax for 2017/18. We have set out some points you may want to consider. Make full use of your ISA allowance ISAs can offer a useful tax free way to save, whether this is for your children’s future,...
Tax-Free Childcare Roll Out

Tax-Free Childcare Roll Out

The implementation of Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare, is being rolled out to eligible parents in stages. The scheme first made its debut in April 2017 and although there have been initial systems...
Employee gifts – tax free?

Employee gifts – tax free?

At this time of year some employers may wish to give an employee gifts. A tax exemption is available which should give employers certainty that the benefits provided are exempt and do not result in a reportable employee benefit in kind. In order for the benefit to be...