Newsletter 124

Headlines from our latest newsletter.  Please click on any of the links below for more information :

TRIBUNAL RULES BBC JOURNALIST IS CAUGHT BY ‘IR35’ LEGISLATION

 A First Tier Tribunal has ruled that Christa Ackroyd who presented BBC news programme Look North and was paid via a personal service company was caught by the IR35 rules resulting in additional tax and national insurance contributions being payable - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-124#Tribunal

ADVISORY FUEL RATES FOR COMPANY CARS

 New company car advisory fuel rates have been published which take effect from 1 March 2018 - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-124#Advisory

SCOTLAND’S FIVE INCOME TAX BANDS AND TAX RELIEF FOR PENSIONS

 Following the announcement of new income tax rates for Scottish taxpayers for 2018/19, the government is looking at ways of addressing the issue of the tax relief due on Scottish taxpayers’ pension contributions - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-124#Scotland

MINIMUM WAGE INCREASES

The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees. Employers are liable to be penalised for not complying with the NMW and NLW rules - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-124#Minimum

PENSIONS AUTO ENROLMENT REACHES A MILLION EMPLOYERS

The Pensions Regulator has announced that the number of employers meeting their workplace pension duties has reached one million and that statistics show that approximately 9.3 million people are saving into a pension - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-124#Pensions

YEAR END TAX PLANNING

With the end of the tax year looming there is still time to save tax for 2017/18. We have set out some points you may want to consider - see more at : http://www.walkerthompson.co.uk/newsletters/Newsletter-124#Year