HM Revenue& Customs (HMRC) has launched a new Making Tax Digital for Business (MTDfB) pilot scheme, designed to ‘make it easier for customers to get their tax right’. The launch of the pilot scheme represents HMRC’s next step in moving taxpayers to a fully digital tax system. From April, businesses and their agents will be […]
Business groups have expressed their opinions on the forthcoming Brexit negotiations and trade talks following Prime Minister Theresa May’s signing of the letter that triggers Article 50. A press release from the Confederation of British Industry (CBI) said: ‘Businesses across Britain are 100% committed to making a success of Brexit – and getting off to […]
The new 12-sided £1 coin has entered circulation. To help combat the production of counterfeit money, the new pound coin features a ‘hidden high security feature’, which the Royal Mint hopes will make its design harder to replicate. Roughly 1.5 billion new coins have been struck by the Royal Mint so far, with supplies of […]
An analysis carried out by the Government Actuary’s Department (GAD) has revealed that workers aged 30 and under may not receive a state pension until the age of 70. The GAD has suggested that the state pension age could rise to 70 as soon as 2054. Under existing legislation, the state pension age for those […]
Research carried out by the Federation of Small Businesses (FSB) has revealed that small businesses’ top priority post-Brexit is to be able to access the EU single market. 63% of firms surveyed believe that access to this market is key. Meanwhile, 49% of businesses selected the US as a priority market, with a further 28% […]
Currently, employers are able to offer vouchers for childcare up to a set value as a tax free benefit. These are usually facilitated through salary sacrifice, where the employee gives up part of their earnings in exchange for these tax free vouchers. The employee then uses the vouchers towards the cost of their childcare provision. […]
Prime Minister Theresa May is set to trigger Article 50 – the legal process that will mark the beginning of two years of EU exit talks – on Wednesday 29 March, it has been announced. Downing Street stated that the Prime Minister intends to write a letter to Donald Tusk, President of the European Council, […]
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