Earlier this year the government announced that no new childcare voucher schemes could be set up after 5 October 2018. The replacement scheme is the government’s “tax free” childcare account.
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In 2016 the government consulted on a proposed abolition of Class 2 National Insurance Contributions (NICs) for the self-employed. This flat rate contribution, currently £2.95 a week is payable by the self-employed in addition to Class 4 contributions based on the level of profits.
Up until now H M Revenue and Customs have allowed self-assessment tax payers to make payments at post office branches. However, they have now announced that from 15 December 2017 this facility will be removed.
The government have announced that Making Tax Digital, the program they have designed to force people to submit quarterly tax returns and keep electronic records, has been postponed.
The legislation to introduce the new system of dividend taxation announced in the Summer Budget has now been included in the draft Finance Bill.