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Month: October 2017

Treasury to consider extending controversial IR35 rules

31st October 201731st October 2017 McGills

Concerns are mounting that many self-employed freelancers could be hit by a new tax crackdown, after the Treasury announced it was considering extending HM Revenue & Customs’ (HMRC) new off-payroll rules to the private sector. Read More

Chancellor’s spending and deficit ‘dilemma’

30th October 201730th October 2017 McGills

The Institute for Fiscal Studies (IFS) has voiced concerns that the Chancellor Philip Hammond may have to scrap his planned target of eliminating the UK’s deficit by the mid-2020s if he wants to increase public spending. Read More

Taxpayers told to be wary of new trading and property allowance

27th October 201727th October 2017 McGills

The Low Incomes Tax Reforms Group (LITRG) has urged the tax authority to publicise the new income allowances when they come into force to prevent confusions as to who is supposed to register for self-assessment. Read More

Economic growth exceeds expectations in third quarter

26th October 201726th October 2017 McGills

Official figures have revealed that UK economic growth exceeded expectations in the third quarter (Q3) of 2017. Read More

Property fraud – how to prevent it

25th October 201725th October 2017 McGills

Over the last 18 months, a team of fraudsters have managed to sell a total of 21 properties for some £700,000 – unbeknown to the actual owner, Severn Trent Water. Read More

Hammond urged to freeze business rates in Autumn Budget

24th October 201724th October 2017 McGills

Chancellor Philip Hammond has been urged to consider important reforms to business rates ahead of the upcoming Autumn Budget on 22 November. Read More

GDPR helpline seeks to support small businesses

23rd October 201723rd October 2017 McGills

The Information Commissioner’s Office (ICO) has confirmed that it will launch a specialist telephone service to help small businesses get to grips with the upcoming General Data Protection Regulation (GDPR). Read More

UK businesses wasting thousands on unwanted workplace perks, says study

20th October 201720th October 2017 McGills

Is your company making the most out of employee benefits? Because according to a new UK study, a large majority of work perks aren’t appreciated nor wanted by employees. Read More

HMRC inundated with SDLT queries

19th October 201719th October 2017 McGills

Reports suggest that HM Revenue & Customs (HMRC) is being inundated with queries about Stamp Duty Land Tax (SDLT) – and is failing to reply to customers within an adequate timeframe. Read More

Fraudsters go after taxpayers in new VAT scam

18th October 201718th October 2017 McGills

A cyber security expert has warned about a new breed of “phishing” emails, designed to trick taxpayers into downloading malicious software. Read More

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