OECD calls on UK to increase tax on self-employed

A report from the Organisation for Economic Co-operation and Development (OECD) has called on the UK Government to revive its plans to increase National Insurance Contributions (NICs) for the self-employed. Earlier this year, during the Spring Budget, the Chancellor of the Exchequer, Philip Hammond, announced that the Government would seek to abolish Class 2 NICs… Read more…

The future of company vehicles

The UK Government has pledged that by 2040 all new cars sold will need to be either electric or some form of plug-in hybrid. However, before this deadline was even announced many within the motor industry believed that by 2025 as many as one in three cars will incorporate an electric power plant. Much of… Read more…

HMRC to implement changes to how it is paid

HM Revenue & Customs (HMRC) is to change the way that taxpayers and their agents can make payments. From 15 December 2017 and 13 January 2018, the pay at the post office service will be withdrawn and HMRC will no longer accept payment by personal credit card. However, the Revenue has confirmed that taxpayers will… Read more…

Inaugural Autumn Budget date announced

The Chancellor, Philip Hammond, has announced that the first Autumn Budget to take place since the set-piece statement’s move to the end of the year will be on Wednesday 22 November 2017. Mr Hammond announced at the Autumn Statement in 2016 that there would no longer be two major fiscal statements each year. This means… Read more…

The Finance Bill is back and little has changed

Earlier this year the Government announced that a number of the controversial provisions within its Finance Bill would be dropped ahead of June’s snap general election to ensure an easy passage to Royal Assent. Making Tax Digital and a number of other flagship proposals were subsequently left by the wayside, creating a great deal of… Read more…