W R News

Income tax changes from 6 April 2018

Income tax changes from 6 April 2018

The personal allowance for 2018/19 is £11,850. However, some individuals do not benefit from the full personal allowance.

Are You Exempt from Making Tax Digital?

making tax digital exemptions

HMRC have already begun piloting Making Tax Digital (MTD) schemes, with the full initiative expected to be implemented by 2020.

Making Tax Digital for VAT from April 2019

Making Tax Digital for VAT from April 2019

The regulations to bring into force Making Tax Digital for VAT (MTDfV) are now law, and digital VAT returns will be required from 1 April 2019.

Employer-Supported or Tax Free Childcare

Employer-Supported or Tax Free Childcare

Plans delayed to scrap the Employer-Supported Childcare by 6 months.

Preparing for the Transition to Cloud Based Accounting

Transition to Cloud Based Accounting

Cloud accounting is a rapidly developing Accountancy Practise, it provides instant access to your financial information

Community Amateur Sports Club (CASC)

Community Amateur Sports Club (CASC)

Back at the start of the last football season, one leading tax body put out the call for amateur sports clubs to think of the cheering fans as their 12th man – and the tax rules as their 13th.

The end of Class 2 National Insurance

The end of Class 2 National Insurance

The government has announced that plans to abolish Class 2 National Insurance Contributions (NIC) are being put off for 12 months.

Inheritance Tax review

 Inheritance Tax review

Inheritance Tax (IHT) is charged at 40% and may be due from an estate when someone dies unless the estate is left to a spouse or civil partner. 

Benefits in Kind & Salary Sacrifice Schemes – Changes from 6th April 2017

Benefits in Kind & Salary Sacrifice Schemes – Changes from 6th April 2017

Benefits in kind received as part of a salary sacrifice scheme (reduced cash payment in return for a non-cash benefit) were historically taxed under the normal benefit in kind rules. From April 2017, new rules came into effect resulting in some of these benefits incurring additional tax and national insurance. 

National Minimum Wage in the social care Sector

National Minimum Wage in the social care Sector

Employees can use SCCS to ‘self-review,’ identifying and paying any arrears for sleep-in shifts. The scheme allows 12 months for self-review, and a further three months to pay arrears.

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