Increases to statutory payments confirmed
The Social Security Benefits Up-rating Order 2017 has been published in draft form and laid before Parliament and it confirms that: The standard weekly rates of statutory maternity pay (SMP),
Business Advice
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Claiming the employment allowance
In April 2016, the eligibility to claim the employment allowance was removed from limited companies with a single director and no other employees. This measure was put in place to ensure that
Tax credits for grandparents
The specified adult childcare credits were introduced with effect from the 2011-12 tax year. The credits allow for grandparents or other family members who care for a child aged under 12 whilst their
Bereavement support
The Department for Work and Pensions have confirmed that a new modernised Bereavement Support Payment will be introduced for those bereaved from 6 April 2017. The new Bereavement Support Payment will
The Help to Save scheme
The new Help to Save scheme for people on low income is expected to launch in April 2018. The scheme will allow anyone in work and in receipt of Universal Credit or Working Tax Credits to save up to
Taking on a new employee
Employers that take on a new employee need to work out which tax code and starter declaration to use in their payroll software. Incorrect tax codes can lead to the new employee paying more tax than is
National Insurance numbers
Taxpayers who have lost or forgotten their National insurance number should first try and locate the number on paperwork such as their tax return, payslip or P60. If the National Insurance number
UK taxpayers with income or assets abroad
The Worldwide Disclosure Facility (WDF) was launched on 5 September 2016. Anyone who wants to disclose a UK tax liability that relates wholly or partly to an offshore issue can use the WDF. An
Lifetime ISA launch date confirmed
The new Lifetime ISA will be launched from April 2017. The Lifetime ISA is designed to help those aged between 18 and 40 to save for a new home or for their retirement. The launch of the scheme was
When is it the right time to sell your company?
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