As the Bank of England has announced a rise in interest rates from 0.5% to 0.75%, still far from the high rates that were common place nearly 35 years ago, Hallidays have published their latest financial newswire.
Making Tax Digital for VAT
HMRC has published further information on Making Tax Digital for VAT (MTDfV).
Scotland introduces relief for first time buyers
First-time buyers in Scotland will be helped to purchase their first home through a new tax relief which applies to Scottish Land and Buildings Transaction Tax (LBTT).
Next round of tax draft tax legislation published
The government has published draft legislation for Finance Bill 2018-19 which is currently open for consultation.
One million couples still eligible for tax boost
HMRC has highlighted that three million UK couples have already taken advantage of Marriage Allowance but a million more are still eligible for the tax break.
Consultation on pensions cold calling ban
HMRC has launched a consultation on draft proposals to ban pensions cold calling.
Use Tax-Free Childcare over the summer holidays
The Government is reminding ‘stressed out parents’ that help may be available for childcare costs during the summer holidays.