With the Autumn budget approaching, Hallidays has included an Autumn Budget Wishlist in this month’s newswire, a quick look at the latest business and tax issues.
Interest rates rise
The Bank of England has raised interest rates from 0.25% to 0.5%, the first rate rise in ten years.
Autumn Budget wishlist
With the Chancellor’s first Autumn Budget due to be presented on 22 November, professional bodies and business groups are setting out their Budget wishlists.
HMRC have changed the way in which they will assess some taxpayers removing the need for these individuals to complete a Self Assessment Tax Return.
Welsh Land Transaction Tax
The Welsh Assembly has announced the proposed rates and bands for land transaction tax which is to be introduced for land and property in Wales on 1 April 2018, replacing Stamp Duty Land Tax.
Scottish Budget proposals
On 14 December, the Scottish Budget will set out the Scottish Government’s financial and tax plans.
Criminal Finances Act
The Criminal Finances Act 2017 took effect on 30 September 2017.
Help to Save Accounts
The government have announced details of a new Help to Save saving scheme.
New guidance for employers
HMRC have issued the October 2017 Employer Bulletin which contains a number of articles relevant to employers on payroll related issues.