Off-payroll working in the private sector

It was announced in the Autumn Statement 2018 that the changes to IR35 that came into effect in April 2017 for the public sector will be extended to the private sector from April 2020. Responsibility for operating the off-payroll rules will be transferred from the individual to the organisation, agency or third party engaging the ... Read more

Tax-Free Childcare

The planned abolition of the childcare vouchers scheme for new claimants has been deferred for 6 months. It was announced in George Osborne’s last Budget two years ago that the Childcare Vouchers scheme would be replaced with Tax-Free Childcare. The two have similar goals, but radically different structures which have created winners and losers. The ... Read more

Dividend 2017/18 and 2018/19

A reminder to you all that there is now tax on dividend! This has been the case since 6 April 2016. The tax-free dividend allowance is £5,000 currently in the 2017/18 tax year (up to 5 April 2018). This is reducing to £2,000 for 2018/19 (from 6 April 2018). What I have done is gone ... Read more

Autumn Budget 2017

On Wednesday 22 November 2017, Chancellor Phillip Hammond delivered his second budget to the House. He had to put on a good performance to keep his job after criticism following the Spring Budget and with rumours that Michael Gove (Secretary of State for Environment) is circling for the job of Chancellor. Although this was a ... Read more

Changes to flat-rate VAT in more detail with examples

The Chancellor announced in the Autumn Statement the introduction of a new 16.5% flat rate of VAT for ‘businesses with limited costs’. This will be effective from 1 April 2017. It will be the responsibility of the business/limited company to determine whether they meet the definition of a limited cost trader. This also applies to ... Read more

Autumn Statement 2016

We have a new Prime Minister and a new cabinet and on Wednesday 23 November the new Chancellor gave his first Autumn Statement. Below we have highlighted some of the salient points as it would affect you. IR35 and government contractors It was announced that the government will reform the off-payroll working rules in the ... Read more