Business News

Spring Budget 2017

8 Mar 2017

Various rumours were swirling around Westminster in the days before Philip Hammond rose to deliver his first Budget – confirmed as the last time a major fiscal statement will be made in the spring. The Chancellor, still scarcely nine months

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£30K tax-free redundancy payments set to be abolished

2 Mar 2017

Payments in Lieu of Notice (PILON), one aspect of a typical redundancy payment, alongside compensation for loss of employment, is set to lose its tax-free exemption, which currently applies to payments of up to £30,000, where it is not a

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Reporting company car expenses and fuel

2 Mar 2017

If you provide cars to your employees for their own private use, you will need to report this to HM Revenue & Customs (HMRC) using form P11D at the end of the tax year. The value you will need to

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One in five micro-businesses unaware of Making Tax Digital, research shows

2 Mar 2017

Research published by FreeAgent has found that a fifth of the smallest business are unaware of Making Tax Digital (MTD) – HM Revenue & Customs’ (HMRC) flagship policy, which will introduce quarterly electronic reporting for most businesses. The FreeAgent survey

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Business rates are a “ticking time bomb”

2 Mar 2017

In April 2017, businesses are expecting to receive the first indication of their new business rates following the latest revaluation. Although many businesses are expecting small falls in business rates, around a third are expecting very sharp rises. Around a

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