Stockport based Hallidays, accountants and business advisors, have published their latest newswire designed to keep you informed of the latest business and tax issues.
This month’s updates include the Queen’s speech, a look at simplifying the corporation tax computation, getting holiday pay right and how Land Transaction Tax (LTT) will replace Stamp Duty Land Tax (SDLT) in Wales in 2018.
Queen’s Speech and proposed legislation
The Queen delivered the 2017 Queen’s Speech on 21 June which set out the government’s agenda for the coming parliamentary session.
Simplifying corporation tax
The Office for Tax Simplification has published their recommendations on simplifying the corporation tax computation.
Employment Related Securities return deadline
HMRC are advising that there have been technical issues with their Employment Related Securities (ERS) annual returns online service.
Land Transaction Tax
From April 2018, Land Transaction Tax (LTT) will replace Stamp Duty Land Tax (SDLT) in Wales.
Now is the time of year when many of us turn our thoughts to holidays and it is important to get holiday entitlement and holiday pay right.
Latest guidance for employers
HMRC have issued the latest version of the Employer Bulletin.
ICO warning as business fined £60,000 following cyber attack
The Information Commissioner’s Office (ICO) is warning SMEs to take care or face a fine.
Making Tax Digital – MTD
MTD is one of the biggest changes to the administration of the tax system in a generation.
It is being introduced between April 2018 and April 2020 and is a completely new method of tax collection and administration. It will significantly change the way that businesses and landlords keep their accounting records and report their income and expenses to HMRC.
The exact date of entry into MTD will depend on a businesses/landlords level of turnover and whether they are a company or individual taxpayer.