News

Spring Statement 2019
13 March 2019

On any other day, the Chancellor’s Spring Statement would have dominated the headlines. However, with the UK’s scheduled withdrawal from the EU just days away, and the Prime Minister’s latest Brexit deal voted down by the Commons just hours earlier, this seemed more like a sideshow than the main event.
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National Living Wage to rise next month
07 March 2019

From 1 April 2019, employers will be required by law to pay their employees a higher minimum wage rate. It is thought that this increase in the UK’s statutory wage requirements will benefit around 2.4 million workers and means that the annual earnings of a full-time minimum wage...
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Are you making full use of the generous R&D relief scheme?
07 March 2019

Hundreds of businesses across the UK enjoy tax relief totalling millions of pounds thanks to the Government’s generous R&D relief scheme. Last year nearly 40,000 claims were made for Research and Development (R&D) tax credits in the UK, almost double the amount made in the previous year.
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Tribunal finds in favour of Middlesbrough FC in low pay claim
07 March 2019

In a landmark case, Middlesbrough FC has effectively won the right to pay staff below the minimum wage by providing other benefits to them. In February, an employment tribunal at Teesside Magistrates’ Court overturned a ruling that the Championship football club had broken employment laws...
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Make the grandest romantic gesture and reduce your tax bill
07 March 2019

Getting married or conducting a civil partnership ceremony is often the happiest day of most people’s lives but unfortunately almost one million married or civil partnered couples in the UK have not used up to £900 in tax relief available to them.
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New advisory fuel rates for company car users
07 March 2019

New advisory fuel rates from 1 March 2019 for drivers of company cars have fallen for all but one class of vehicle. The rates apply where a business is reimbursing employees for travel in a company car, or where employees must repay the cost of fuel used when travelling in a company car in a personal capacity.
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Delay in issuing Self-Assessment penalty notifications
07 March 2019

While 93.68 per cent of the 11.5 million taxpayers who were required to file their Self-Assessment Tax Returns by midnight on 31 January did so on time, 731,186 missed the deadline. Those who missed the deadline will have to wait longer than...
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Making Tax Digital productivity boost expected to be worth billions to UK SMEs
07 March 2019

New research suggests that the UK’s SMEs could benefit to the tune of as much as £57 billion over the next five years because of digital productivity improvements associated with HM Revenue & Customs’ (HMRC) Making Tax Digital (MTD) initiative.
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Automatic Enrolment contributions to increase
21 February 2019

The next increase in Automatic Enrolment (AE) pension contributions for both employees and employers will take place from 6 April 2019. The minimum employer contribution will increase from two per cent to three per cent, while the employee contribution will rise from three per cent to five per cent...
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HM Revenue & Customs drops insistence that all company directors must submit tax returns
21 February 2019

HM Revenue & Customs (HMRC) has dropped its insistence that all company directors must submit tax returns following a series of tribunal rulings. For several years, HMRC has advised in its guidance on the gov.uk website that company directors should register for Self-Assessment and this has also been part of online...
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