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Comments Off on Apprenticeships Fall 31% in the Last Academic Year

Apprenticeships Fall 31% in the Last Academic Year

Apprenticeships Fall 31% in the Last Academic Year

The number of people starting apprenticeships has dropped by 31% in the last 12 months, the Department for Education has claimed. In the academic year between August 2017 and May 2018 there were 315,900 apprenticeship starts, compared to 457,200 the same time the year before. Business groups including the British Chambers of Commerce (BCC) and … Continued

Comments Off on Chancellor Mulls Abolishing Dividend Allowance

Chancellor Mulls Abolishing Dividend Allowance

Chancellor Mulls Abolishing Dividend Allowance

The Treasury is reportedly considering abolishing the dividend allowance in Autumn Budget 2018. The Daily Telegraph claims Chancellor Philip Hammond has business owners, directors and shareholders in his sights to help fund a Government pledge to increase spending on the NHS. Hammond cut the dividend allowance from £5,000 to £2,000 in Spring Statement 2017, with … Continued

Comments Off on Treasury Shelves Plan to Scrap Class 2 NICs

Treasury Shelves Plan to Scrap Class 2 NICs

Chancellor Philip Hammond has opted to scrap the planned abolition of class 2 national insurance contributions (NICs). The Government was originally due to abolish class 2 NICs for the self-employed from 6 April 2018, but the move was delayed for 12 months in November 2017 and has now been abandoned. The policy, which was first … Continued

Comments Off on IPPR Leads Call to Replace Inheritance Tax System

IPPR Leads Call to Replace Inheritance Tax System

A think tank is calling for inheritance tax to be abolished, as part of a set of proposals for major reform to the UK tax system. The Institute for Public Policy Research (IPPR) published its 10-part plan for economic reform, which includes replacing the system of inheritance tax with a new ‘lifetime gifts tax’. Under … Continued

Comments Off on HMRC Requirement to Correct

HMRC Requirement to Correct

HMRC Requirement to Correct

The Requirement to Correct (‘RTC’) is a statutory obligation for taxpayers with overseas assets to correct any issues with their historic UK tax position. HMRC have written to all taxpayers who have or who had any offshore financial connections (including those who consider themselves to be non-UK domiciled and/or non-UK resident) to instruct that they … Continued

Comments Off on BWM Charity Autumn Update Seminar- Tuesday 2 October

BWM Charity Autumn Update Seminar- Tuesday 2 October

BWM Charity Autumn Update Seminar- Tuesday 2 October

BWM Chartered Accountants are hosting a Free Charity Autumn Update Seminar on Tuesday 2 October from 9am. Full details are provided here With so much going on in the charity sector we have invited an excellent line-up of speakers (including the Charity Commission & the CEO of the Charity Finance Group) to provide the latest … Continued

Comments Off on Liverpool City Council Community Resource Grant 2019/20 Consultation

Liverpool City Council Community Resource Grant 2019/20 Consultation

Liverpool City Council Community Resource Grant 2019/20 Consultation

Liverpool City Council will be hosting consultation events across the city to discuss potential changes to the Community Resource Grant. If you would like to attend one of the following consultation events please register by emailing corporate.grants@liverpool.gov.uk by 4 pm on Wednesday 10th October. Salvation Army, Cavendish Drive, Walton, L9 1NB Mon 15th Oct 10 … Continued

Comments Off on Stamp Duty Tax Break Saves First-Time Buyers £284m

Stamp Duty Tax Break Saves First-Time Buyers £284m

Stamp Duty Tax Break Saves First-Time Buyers £284m

Philip Hammond’s decision to abolish stamp duty land tax (SDLT) for most first-time buyers on all properties worth up to £300,000 saved homeowners £284 million in the first half of 2018. The chancellor scrapped SDLT in Autumn Budget 2017 for most people taking their first steps on the property ladder in England, Northern Ireland and … Continued

Comments Off on Inheritance Tax Receipts Reach Record High of £5.2bn

Inheritance Tax Receipts Reach Record High of £5.2bn

Inheritance Tax Receipts Reach Record High of £5.2bn

The Treasury fetched a record high of £5.2 billion in inheritance tax receipts last year, according to statistics published by HMRC. Inheritance tax receipts increased 8% year-on-year in 2017/18 to continue a long-term trend, which began when the nil-rate band was frozen at £325,000 with effect from 6 April 2009. Since then, inheritance tax receipts … Continued

Comments Off on SME’s Cite VAT as ‘Biggest Administrative Headache’

SME’s Cite VAT as ‘Biggest Administrative Headache’

SME’s Cite VAT as ‘Biggest Administrative Headache’

VAT creates the biggest administration burden for around two-thirds of businesses in the UK, research from the British Chambers of Commerce (BCC) has claimed. The report, which polled more than 1,100 businesses of all sizes, found that 64% were bamboozled by an array of rates and rules to comply with VAT legislation. This percentage is … Continued