Latest Business and Tax News April 2017

7th Apr
Latest Business and Tax News April 2017

The latest issue of the Harts Business and Tax News is now available to view.  This month we look at:

  • VAT Flat Rate Scheme – Limited cost trader – changes are being made to the Flat Rate Scheme which took effect from 1st April 2017
  • Equality – Gender Pay Gap Reporting – the government has introduced new requirements for all private and voluntary sector employers of over 250 people relating to equal pay report from April 2017.
  • Minimum Wage Rises again – Employers need to ensure that they are paying their employees at least the appropriate National Minimum Wage or National Living Wage rate.
  • Class 4 National Insurance U-turn – One of the significant announcements Chancellor Philip Hammond made on Budget Day was the proposed increases to the main rate of Class 4 National Insurance Contributions paid by self-employed individuals.
  • Making Tax Digital for Business update – Extensive changes to how taxpayers record and report income to HMRC are being introduced under a project entitled Making Tax Digital for Business.
  • Reductions in the Dividend Allowance – it was announced in the Budget that the Dividend Allowance will be reduced.
  • New Lifetime ISA – The Lifetime Individual Saving Account (ISA) is a longer term tax-free account that receives a government bonus.

To discuss any of these in detail, contact us on 01625 669669 or email info@harts-ltd.com