Small businesses to see changes to the VAT Flat Rate Scheme

Small business users of the VAT Flat Rate Scheme who have low costs may see the rate they pay drastically increase under new changes.

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Making Tax Digital: Update on government plans due in January

Despite being perhaps the most significant change to the UK tax system in decades, Making Tax Digital (MTD) did not receive a single mention from the Chancellor in the Autumn Statement.

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Reminder: Inheritance Tax nil-rate band on main residence to go up in the new year

A new additional nil-rate band of £100,000 for inheritance tax on main residences, when bequeathed to a direct descendent, is set to come into effect from April 2017.

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Government moves to curb salary sacrifice

Ahead of the 2016 Autumn Statement there were rumours that the Chancellor Philip Hammond might limit the perks offered to employees by their employers.

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Goodbye to the Autumn Statement

The most significant announcement at last month’s Autumn Statement was possibly the announcement that this would be the last Autumn Statement.

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Tax avoidance clampdown aims to raise extra £2bn by 2022

During the last few Budgets and Autumn Statements the government has made moves to prevent tax avoidance and evasion – and the latest fiscal event was no different.

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