Help to buy ISA

Help to buy ISA

What is the help to buy ISA? The Help to Buy ISA is a tax-free way to save for a mortgage deposit on your first home. The government will add 25% (up to a maximum bonus of £3,000), as well as earning you interest. What you need to know: – You can save up to...
HMRC phishing scam

HMRC phishing scam

HMRC are strongly advising customers to lookout for a new phishing scam in the form of an email with the subject, “Your 2016 Tax Report”, with an attachment. Anyone who receives this email should not open it but instead forward it to phishing@hmrc.gsi.gov.uk and then...
Employment income changes – termination payments

Employment income changes – termination payments

(Currently dropped due to general election – expected to be revisited) There are planned changes to termination payments from 6 April 2018. Current position If conditions are met, up to £30,000 can be paid tax free on the termination of your employment i.e. on...
HMRC raising flat rate VAT rates to 16.5%

HMRC raising flat rate VAT rates to 16.5%

New rules for limited cost businesses HMRC are introducing new legislation to take effect from 1 April 2017, combating abuse of the flat rate VAT scheme. Current situation Businesses who are VAT registered can join the flat rate scheme if their turnover is below...