BEWARE: PHONE SCAM

We’d like to make you aware of a sophisticated phone scam that a client recently fell victim to. A man calls a business owner to say that there is an unpaid tax bill and numerous letters have been sent to the business’s registered office. He is from a debt collection agency and if the bill...

OUR SUMMARY OF THE AUTUMN BUDGET 2017

The Chancellor Philip Hammond presented his first Autumn Budget on Wednesday 22 November 2017. His report set out a number of actions the government will take including support for more housebuilding. His view is that the economy continues to grow and continues to create more jobs. The major attention-grabber was aimed at first time buyers...

Second Finance Bill this Autumn

It has also been announced that the second Finance Bill will legislate for all policies that were included in the pre-election Finance Bill but had to be dropped in order to rush through the Finance Act 2017 before the snap general election in June. The Government has re-confirmed that all policies originally announced to start...

Implications of a Hung Parliament

The result of the General Election has left Theresa May and the Conservative Party clinging on to power with support from the Democratic Unionist Party (DUP) in Northern Ireland. This leads to a period of significant uncertainty for the country as the BREXIT negotiations are just about to start.   Following the General Election there...

HMRC COMPUTER ISN’T ALWAYS CORRECT

HM Revenue and Customs have acknowledged that their software and some commercial software used by accountants doesn’t always come up with the right amount of tax payable! You may have seen this reported in some newspapers such as the Daily Telegraph. This arises because the tax system of different income tax personal allowances, dividend allowances,...

SNAP ELECTION MEANS SHORTER FINANCE ACT PASSED

The original Finance Bill published after the Spring Budget ran to nearly 700 pages. As a result of the announcement of the General Election on 8th June a significantly shorter Finance Bill was passed with many of the more detailed and more controversial measures being deferred to a later Bill. Whether those measures will reappear...

Business Rates Relief for Small Businesses

There has been much lobbying from the small business sector to reduce business rates. The Chancellor stated that 600,000 small businesses currently benefit from small business rates relief. He also announced that no small business that is coming out of small business rates relief will pay more than £600 more in business rates this year...

Class 4 National Insurance contributions (NICs)

It had already been announced in the 2016 Budget that Class 2 NICs will be abolished from April 2018. The government will now also legislate to increase the main rate of Class 4 NICs from 9% to 10% with effect from 6 April 2018 and from 10% to 11% with effect from 6 April 2019....

Self Employed Contractor Workers: Does the Recent Uber Tribunal Have Consequences for you Business? by MJV Solicitors

If you have members of staff who work on a self-employed contractor basis, a recent decision of the Employment Tribunal may have consequences for your business.   It means that, in certain circumstances and despite the worker still currently being classified as self-employed for tax purposes, businesses must ensure that some contractors do not breach...

The Shale Gas Industry: Boost to Local Economy or Leaving us on Shakey Ground?

Whether you’re of the opinion of ‘Frack Yeah!’ or ‘Frack Off!’, this highly controversial topic continues to make national news and it was announced on the other day that the Shale Gas Company ‘Cuadrilla’, won their appeal and received Government Approval for the Preston New Road site at Little Plumpton. The Roseacre Wood Site near Kirkham...