Treasury Updates

Budget changes to soften the impact of 2017 rates revaluation Many businesses are dreading the impact of the five yearly revaluation which will take effect in April 2017.  Details of a [...]

Big changes planned for NICs payable by the self-employed Mr Hammond was keen to point out that the self-employed are paying less in NIC than the employed, a fact which he described as unfair.  [...]

Research & Development Tax Relief is Safe! Many businesses have been concerned that the economic impact of Brexit might have a detrimental effect on the enhanced tax relief and tax credits [...]

The Chancellor surprised everyone by announcing that this was his last Autumn Statement, but before we had time to wonder what had prompted him to hand in his resignation so soon after his [...]

All Chancellors whilst trying to balance the books must surely have one eye on measures that are likely to be universally popular.  On this occasion, Mr Hammond was keen to remind us of some of [...]

Mr Hammond was keen to remind the opposite benches that it was the Conservatives who had introduced the National Living Wage. From April 2017, this will increase from the current rate of £7.20 [...]

A U-turn on Employee shareholder status A new employment status was introduced in 1 September 2013, that of Employee shareholder.  The idea was that in return for giving up certain employment [...]

Following the recent consultation, the announcement to changes to salary sacrificed arrangements did not come as a surprise. A salary sacrifice arrangement allows an employee to give-up some of [...]

The Budget 2016 Before George Osborne unveiled his Budget on Wednesday 16 March 2016, there was much debate as to how sweeping the changes would be, and just how far-reaching the consequences. It [...]

Personal Tax Allowances The Personal Allowance will increase to £11,500, and the higher rate threshold will rise to £45,000 in April 2017 The Personal Allowance is the amount of income you can [...]