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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The rules for taxing dividends changed radically from 6 April 2016, with the removal of the 10% notional tax credit and the introduction of new rates of tax on dividends.
Making Tax Digital is coming soon! Find out how this is going to affect you in our latest webinar.
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.
HMRC propose to restrict the availability of “rent a room” relief to situations where the taxpayer is living in the let property for at least some of the time that the accommodation is let.
HMRC have launched new customer-focused and innovative technology through Amazon Alexa, to help more than 3 million customers seeking help with their tax credits renewals.