Stockport based Hallidays have published their latest monthly newswire designed to keep you informed of the latest business issues and tax tips including a reminder to take steps to prepare for new legislation being introduced in May to protect our data.
This month also looks at income tax changes and HMRC’s latest Employer Bulletin includes useful updates for employers as we approach the start on the new tax year.
New data protection rules from General Data Protection Regulation (GDPR) will replace the Data Protection Act in the UK from 25 May 2018.
Employer-Supported Childcare gets a reprieve
Many employers help employees with childcare costs, often by providing childcare vouchers by way of salary sacrifice.
Making Tax Digital for VAT from April 2019
The regulations to bring into force Making Tax Digital for VAT (MTDfV) are now law.
Welsh Land Transaction Tax introduced
From 1 April 2018, Land Transaction Tax (LTT) will replace Stamp Duty Land Tax (SDLT).
Income tax changes from 6 April 2018
The new tax year will bring in new income tax rates and allowances.
Update for employers and their employees
HMRC’s latest Employer Bulletin includes useful updates for employers as we approach the start on the new tax year.
Spring Statement announces consultations
Chancellor Philip Hammond delivered his Spring Statement on Tuesday 13 March 2018.