Posted in Inheritance Tax
The Office of Tax Simplification (OTS) provides advice to the Chancellor on simplifying the UK tax system. In a letter dated 19 January 2018 the Chancellor Philip Hammond wrote to the OTS to request a review of inheritance tax (IHT) regime and asking
Continue readingPosted in Overseas tax issues
The new requirement to correct (RTC) legislation was introduced by the Finance (No.2) Act 2017. The legislation created a new statutory obligation for taxpayers with undeclared UK tax liabilities that involve offshore matters to disclose any relevant
Continue readingPosted in General
1 March 2018 – Due date for corporation tax due for the year ended 31 May 2017.
2 March 2018 – Self assessment tax for 2016/17 paid after this date will incur a 5% surcharge.
19 March 2018 – PAYE and NIC deductions due for month ended 5 March 2018.
Posted in Employment Law
In its “Good Work” response to the 2017 Taylor Review of Modern Working Practices, the government stated that, as part of its commitment to raising awareness of employment rights, it was to instigate a campaign to encourage more working parents to
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