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...

BREXIT – WHAT ARE THE TAX IMPLICATIONS?

  One of the main reasons that individuals voted “leave” was to restore fiscal sovereignty to the UK so that we are able to set our own laws, in particular tax law, without interference from Brussels. Significant tax changes currently require “State Aid” approval and we have seen many recent tax changes forced on us...

Larger Employers Will Pay A New Apprenticeships Levy From 2017 |Autumn Statement 2015

A new apprenticeship levy will be introduced from 6 April 2017. Although all employers will be required to pay this new levy, set at 0.5% of their annual payroll cost, each employer will also have an annual credit equivalent to £15,000 to set against the levy, which means only the largest employers with payrolls of...