Latest Business and Tax News April 2017

Posted: 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 at 01625 669669 or email info@harts-ltd.com