Salhan Accountants’ expertise has been recognised at a prestigious award ceremony that saw the firm bestowed with the ‘Independent Firm of the Year – Midlands’ award at the British Accountancy Awards 2015. This victory is not the first time Salhan Accountants’ expertise has been acknowledged. The firm was noted for its private client services and… Read more…
PAYE legislation is changing from 5 April 2016, so employers who intend to or are already payrolling benefits and expenses must register with HMRC using the new online Payrolling Benefits in Kind (PBIK) service. Businesses will be required to align their existing payroll software and register to payroll using the new service. After this date… Read more…
According to new analysis of HM Revenue & Customs (HMRC) data, the cost of passing on wealth to the next generation has increased by three per cent or £5,000 in one year. The analysis by Prudential has revealed that in 2012/2013 – the latest year for which information is available –the British population paid more… Read more…
Members of the Chartered Institute of Taxation (CIOT) have raised concerns about the government’s proposals to reform taxation for non-domiciles, as they fear it could lead to an unfair result for those born in the UK who spend most of their lives abroad, but later return. A new Treasury consultation document has proposed that individuals… Read more…
Last year, the Organisation for Economic Co-operation and Development (OECD) co-ordinated an agreement to automatically swap tax information with finance ministers from 51 countries. At the time, Chancellor George Osborne said that tax evasion was “not just illegal, it is immoral” and that because a tax evader was robbing their fellow citizens, they should be… Read more…
Plans to stiffen the penalties for offshore tax evasion have been criticised by lawyers and tax advisers who have warned that they could end up criminalising people and companies who have unwittingly broken the rules. The Treasury has put forward proposals for a new criminal offence for companies that facilitate evasion as well as a… Read more…
Official figures show that house prices in England have risen considerably faster than in the rest of the United Kingdom in the past year. House prices increased by 5.6 per cent in England, 0.8 per cent in Wales, 2.9 per cent in Northern Ireland and fell 0.9 per cent in Scotland, according to figures from… Read more…
Earlier this year during the Summer Budget the Government announced it would phase in a new residence nil-rate band (RNRB) from 6 April 2017 when a residence is passed upon death to a direct descendant. This has been designed to reduce the burden of Inheritance Tax (IHT) by making it easier to pass on the… Read more…
A new package of measures has been announced by the Business Secretary to ensure employees receive the pay to which they are entitled. During September, the Business Minister Sajid Javid announced that the Government would be implementing new measures to help tackle employers who fail to pay the National Minimum Wage and the National Living… Read more…
In a landmark ruling, the Court of Justice of the European Union (CJEU) has said that time spent travelling to and from first and last appointments by workers who do not have a fixed work office, should be regarded as working time and that wages should be paid in relation to this. It comes after… Read more…
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