Spring 2018
Newsletter
Spring 2018
The newsletter covers a number of topical issues including …
Getting sporty?
Back at the start of the last football season, one leading tax body put out the call for amateur sports clubs to think of the cheering fans as their 12th man - and the tax rules as their 13th.
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Inheritance Tax
Inheritance Tax (IHT) is charged at 40% and may be due from an estate when someone dies, unless the estate is left to a spouse or civil partner.
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When a spouse dies
Money experts have estimated that because the small print about ISAs isn’t widely known, almost nine in ten savers could be missing out when a spouse or civil partner dies.
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Paying dividends
Dividend payment is a primary vehicle to extract cash from owner-managed businesses, but it’s an area coming increasingly under HMRC’s spotlight.
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Class 2 National Insurance: not quite the end of the road
The government has announced that plans to abolish Class 2 National Insurance Contributions (NIC) are being put off for 12 months.
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Feature article
New rates and bands on the way
The UK Budget set out an increase in the personal allowance, which rises from £11,500 in 2017/18 to £11,850 in 2018/19.
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National Minimum Wage in the social care sector
Employers in the social care sector have had mixed signals from HMRC about payment of National Minimum Wage (NMW) for workers carrying out sleep-in shifts - although the headline news is that NMW is payable here.
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National Minimum Wage: new rates from 1 April 2018
In the biggest rise in National Minimum Wage (NMW) rates for those under 25 for a decade, new rates apply from 1 April 2018.
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Feature article
Self-employed and want a mortgage?
If you’re one of the UK’s nearly five million self-employed people, you may know how tricky it can be to get a mortgage.
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Tax on acquiring property in Wales
‘Tax is changing in Wales’ advise HMRC: and indeed it is.
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Work: a whole new world
Uber, TaskRabbit, Deliveroo - names fast becoming familiar that would have been complete unknowns only a few years ago. The world of work is changing.
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