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Budget 2018: Tax attack on tech titans and income tax ‘cut' as Hammond opts for Halloween treats

Two tax related announcements were among the most eye-catching at Budget 2018, with income tax thresholds set to rise earlier than planned and online tech giants in the Treasury’s firing line.

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By James Nadal
30 October 2018

Speculation mounts on cuts to pension tax relief

Speculation is mounting fast within the accountancy and tax profession that, in a bid to find the extra money he has promised to the NHS, Chancellor Philip Hammond is considering cutting higher rate tax relief on pension contributions.

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Jenny Strudwick
15 October 2018

Bringing business tax into the digital age consultation response from HMRC

The HMRC consultation for bringing business tax into the digital age contained a lot of proposed changes. HMRC’s response to the consultation was released on 31st January 2017 and although it contained a lot of detail, many questions have been left unanswered. However here are our key takeaways from HMRC’s response.

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Jenny Strudwick
30 March 2017

BUDGET 2017: NIC u-turn as Government recognises the impact on small businesses and manifesto blunder

Normally when the budget is announced that’s it until the legislation comes out, however it seems like the Chancellor of the Exchequer Philip Hammond has come to his senses over this and has bowed to rising pressure across the board (including within his own party!) by announcing a u-turn on the plans to increase National Insurance rates for self-employed people.

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Budget 2017 HMRC pauses MTD for 3.1 million UK businesses

Chancellor of the Exchequer Philip Hammond yesterday announced a one year deferral from mandating Making Tax Digital (MTD) for unincorporated businesses, self-employed professionals and landlords with turnovers below the new VAT threshold of £85,000. This will see the number of businesses needing to comply with MTD from April 2018 fall from 3.5 million to approximately 450,000.

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BUDGET 2016: Beneficial for Your Small Business Clients (and You)

There's reason to celebrate for small business owners and their accountants, as George Osborne reveals the 2016 Budget...

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