Industry News

Making Tax Digital pilot scheme launched by HMRC

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 react to triggering of Article 50

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 […]

New 12-sided pound coin enters circulation

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 […]

State pension age ‘could rise to 70’, report suggests

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 […]

FSB research reveals single market access is ‘top priority’ for small businesses

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% […]

Employer Supported Childcare

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 to trigger Article 50 on 29 March

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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