Scottish Budget For 2018/19

Scottish Budget Flag

Derek Mackay delivered his Scottish Budget speech which sets out the Scottish Government spending and taxation plans which will take effect from 6 April 2018. The Scottish Government has limited powers however has taken steps to amend income tax rates and adjust Land and Buildings Transaction Tax for first time buyers. Scottish Income Tax 2018/19 …

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Autumn Budget 2017

Autum Budget 2017

Chancellor Philip Hammond delivered his Budget speech and amongst disagreeing with Jeremy Clarkson that electric cars and then driverless cars are the future (so Jeremy being snubbed by May and Hammond) the Chancellor aimed to deliver his vision of a prosperous, modern outlooking Britain.

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Top Tips for maximising your CIS tax refund

Construction

If you are self-employed or a contractor working in the construction industry it is very likely you are well aware of the Construction Industry Scheme or CIS.

Under this scheme contractors deduct CIS from subcontractors and pay it to HM Revenue & Customs (HMRC) on the subcontractor’s behalf. This tax is paid in advance towards the subcontractor’s income tax and national insurance.

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Spring Newsletter 2017 including a summary of the Spring Budget announcements

Spring Newsletter 2017

Following the chancellor’s Spring Budget announcements yesterday we have included a summary of the key changes which may affect you on pages 3-4 of our Spring Newsletter. You can download a digital copy of the Spring Newsletter here. The newsletter also includes articles on topical tax changes including: Making Tax Digital National Minimum wage increases …

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Crunchie Friday Competition!

Crunchie Friday Competition

To celebrate the end of a successful January (Tax Return filing season) we are giving you the chance to win a “Crunchie Friday” for you and your work colleagues! To enter please like our Facebook page, share and comment “Crunchie Friday @ “YOUR WORK PLACE.” Your name will then be entered into a draw on …

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National Minimum Wage Increase From 1 October 2015

The national minimum wage increases from 1 October 2015.  This is great news for employees however substantially increased costs for employers! The national minimum wage amounts that employers must pay their staff have increased substantially. The Government has increased the Minimum Wage by 20p – from £6.50 to £6.70. The increase for Apprentices has also …

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