Making tax digital – Tax is changing!
The biggest change to the administration of tax since the first half of the last centenary is fast approaching. HM Revenue & Customs (HMRC) has confirmed its intentions to transfer to a fully digital tax system and work towards digital tax accounts for all by 2020.
National Living Wage Increases from April 2017
As part of the Autumn Statement, and following the recommendations of the independent Low Pay Commission, the government has announced that it will increase the National Living Wage (NLW) by 4.2% from £7.20 to £7.50 from April 2017.
Spring Budget - March 2017
March saw the Chancellor Philip Hammond deliver his first – and last – Spring Budget before a move to just one annual Autumn Budget covering tax and spending. In his opening statement, the Chancellor confirmed, “As we start our negotiations to exit the European Union, this Budget takes forward our plan to prepare Britain for a brighter future” suggesting a positive slant on the delivery of his proposals.
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