Class 2 and 4 NIC merger delayed until 6 April 2019

The abolition of Class 2 National Insurance Contributions (NIC) will now be delayed until 6 April 2019, according to a new written statement to the House of Commons. HM Treasury has written to MPs to let them know that the move has been delayed to allow additional consultation with interested parties, particularly in respect of… Read more…

Simple by name, but not necessarily by nature

Earlier this year, HM Revenue & Customs (HMRC) introduced Simple Assessments for some taxpayers who have, until now, been required to complete Self-Assessment Tax Returns. Those affected are taxpayers with relatively straightforward financial affairs where HMRC considers that it already has sufficient information to be able to calculate the tax owed. The first groups to… Read more…

Chancellor talks of small businesses as ‘backbone of British economy’ but delivers little to SMEs, says Salhan Accountants

One of Birmingham’s leading accountancy firms Salhan Accountants has reviewed the Chancellor’s Autumn Budget and say that it offers little to help small businesses. Rising to address Parliament the Chancellor of the Exchequer, Philip Hammond, recognised that the Government couldn’t “build an economy fit for the future without supporting its backbone” – the country’s small… Read more…

HMRC to implement changes to how it is paid

HM Revenue & Customs (HMRC) is to change the way that taxpayers and their agents can make payments. From 15 December 2017 and 13 January 2018, the pay at the post office service will be withdrawn and HMRC will no longer accept payment by personal credit card. However, the Revenue has confirmed that taxpayers will… Read more…