‘Making Tax Digital’ initiative dropped from Finance Bill 2017
The government have decided to drop 72 out of 135 clauses from the 2017 finance bill, which includes MTD.
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LATEST NEWS FROM LEDGER ACCOUNTING SERVICES
2017/18 Personal Tax Allowance.
2017/18 Personal Tax Allowance For those clients that outsource their payroll to us, we have now filed your year-end returns with HMRC and sent out the P60’s to all your…
Expenses and Benefits to report on P11d.
A quick guide to reporting expenses and benefits on P11d’s.
PAYE Settlement Agreements
A PAYE Settlement Agreement (PSA) allows you to make one annual payment to cover all the tax and National Insurance due on small or irregular taxable expenses or benefits for your employees.
Class 4 NIC and the self-employed
The Chancellor Philip Hammond has scrapped his original plans regarding the proposed increase in Class 4 NIC from April 2018. The increases have breached the Conservative Party manifesto pledges and are therefore non-starters.
£1,500 tax-free pension allowance
The government have introduced a new tax break, from April 2017, allowing anyone to withdraw up to £1,500 from their pension to pay for pension and retirement advice.
