If you’re currently working as a contractor through a Limited Company, then you may well have caught wind of the fact that the Government is planning some serious changes as from 1st April 2017, to how you are taxed for your work.
Published: 11 April 2017 | Category: News
The Government recently released the Spring Budget for this year, and it contained a few interesting pieces we wanted to bring to the attention of our readers.
Many businesses are falling foul of the new regulations and fines are on the rise. We thought we’d bring you this update, as we are still seeing many companies failing to meet their new compliance obligations.
Published: 28 March 2017 | Category: News
We’ve recently made some new hires here at Turner & Turner, and we wanted to introduce them to our clients.
According to an article recently published by The Guardian, government ministers are under increasing pressure to end tax incentives for diesel vehicles by changes in the vehicle excise duty.
Back in November last year we first mentioned that the Government is making serious moves towards making tax digital, a change that will affect all businesses, large and small. Explaining all the changes that are due to come over the next few years will hopefully help our readers and clients to keep on top of their tax affairs. For that reason we’ve decided to bring you this update on the latest news regarding the Government initiative.
The government announced in the Autumn statement that the flat rate VAT scheme is going to change. Some businesses on the scheme will now have to apply a rate of 16.5% rate, ostensibly to crack down on businesses manipulating their VAT payments.
With many staging dates still to come in 2017, we thought this would be an ideal time to remind our customers of the penalties that can come about as a result of non-compliance to auto enrolment.
The government is planning some serious changes to the way tax reporting and self-assessment in the UK works.
Published: 2 November 2016 | Category: News
The Low Pay Commission (LPC) has been in talks recently with the Government concerning changes to the minimum wage for workers. The latest result of these talks came into force from the 1st October, and was an increase in the minimum wage for under 25’s and apprentices.