NHS pensions made news this year, consultants and GPs blaming large tax bills, linked to pension statements, for making some work uneconomic. But why should high-earning power, coupled with pension provision, spell trouble – even for top-earners outside the NHS?
Making Tax Digital for VAT (MTDfV) is up and running. Most VAT-registered businesses with taxable annual turnover above £85,000 will now be signed up to HMRC’s new system to keep digital records and file VAT returns using MTDfV-compliant software. But as the system beds in, there are some key points to remember.
A major change in the way that VAT is accounted for in the building and construction sector takes effect later this year.
Keen to take maximum advantage of the opportunities on offer, but not always confident that they have the right management tools to use. That was the picture that emerged from a recent government survey of farming businesses in England.
Employers wanting to be sure they are fully compliant with their legal obligations in the area of workplace inclusivity will need to be aware of new guidance relating to neurodiversity from the arbitration and conciliation service, Acas.
Earlier this year, a report suggested that half a million people could be paying ‘unnecessary’ tax on their state pension.
Autumn Budget 2018 announced the introduction of a new capital allowance: the Structures and Buildings Allowance (SBA).
As self assessment tax returns for 2018/19 will soon be on the agenda, there are some key developments to keep in view.