Griffin Chapman announce new Client Manager – Hayley Knowles
Published by Chloe Turner on Tue, 02/05/2017 - 3:57pm
We are pleased to announce that Hayley Knowles has joined Griffin Chapman. Hayley is an addition to the accounts team.
We are pleased to announce that Hayley Knowles has joined Griffin Chapman. Hayley is an addition to the accounts team.
The government has dropped HM Revenue and Customs’ (HMRC) Making Tax Digital programme from the Finance Bill, which went through its remaining stages in the House of Commons on 25 April.
Personal taxes
One of the significant announcements Chancellor Philip Hammond made on Budget Day was the proposed increases to the main rate of Class 4 National Insurance Contributions (NICs) paid by self-employed individuals from 9% to 10% from April 2018 with a further increase planned from 10% to 11% from April 2019.
Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare, will be launched from 28 April 2017.
For every £8 a parent pays in, the government will pay in an extra £2. Parents can receive up to £2,000 per child, per year, towards their childcare costs making a total amount of £10,000. Higher limits of £4,000 and £20,000 apply for disabled children.
The government has introduced new requirements for all private and voluntary sector employers of over 250 people relating to equal pay reporting from April 2017.
Changes are being made to the Flat Rate Scheme (FRS) which take effect from 1 April 2017. These changes may mean that the FRS is less attractive to some businesses and this may result in these businesses deciding to no longer operate under the FRS. In some cases where a trader has voluntarily registered for VAT it may be appropriate to deregister from VAT.
Employers need to ensure they are paying their employees at least the appropriate National Minimum Wage (NMW) or National Living Wage (NLW) rate. The rates increase from 1 April 2017.
It was announced in the Budget that the Dividend Allowance will be reduced from £5,000 to £2,000 from April 2018.