STAFF NEWS
We are pleased to welcome Amanda Thacker to the company this month. Amanda is a graduate of UCE Birmingham with a strong background in finance and administration. With a sound working knowledge of Sage accounts and payroll as well as other software products, Amanda brings with her a good deal of experience and expertise. She will be working primarily in the Bookkeeping, VAT & Payroll sector of the business.
Amanda can be contacted on Amanda.thacker@walkerthompson.co.uk
Also this month, we are saying farewell to Tamar Smith who is relocating to be with family. Tamar joined Walker Thompson in 2005 and gained her ACCA qualification whilst with us. We wish Tamar well for the future.
GENERAL ELECTION AND TAX LAW
With the announcement of a snap General Election on 8 June the time available for scrutinising proposed legislation was short so the Finance Act was rushed through Parliament - See more at: http://www.walkerthompson.co.uk/newsletters/Newsletter-114#General
BUSINESS RESPONSE TO GENERAL ELECTION ON 8 JUNE
In response to the announcement of a General Election on 8 June Carolyn Fairbairn, CBI Director-General, said:
‘With a snap General Election now called, businesses will be looking to each political party to set out their plans to support economic stability and prosperity over the next Parliament in a way that is fair and sustainable for communities across the UK. ‘Distraction from the urgent priorities of seeking the best EU deal and improving UK productivity must be kept to a minimum.’ - See more at: http://www.walkerthompson.co.uk/newsletters/Newsletter-114#Business
OFF PAYROLL WORKING IN THE PUBLIC SECTOR RULES AMENDED
From 6 April 2017, new tax rules were introduced which potentially affect individuals who provide their personal services via their own companies (PSCs) to an organisation which has been classified as a 'public authority' - See more at: http://www.walkerthompson.co.uk/newsletters/Newsletter-114#Payroll
P11D DEADLINE APPROACHING
The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2017, are due for submission to HMRC by 6 July 2017 - See more at: http://www.walkerthompson.co.uk/newsletters/Newsletter-114#P11D
VAT FUEL SCALE CHARGES
HMRC have issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2017 - See more at: http://www.walkerthompson.co.uk/newsletters/Newsletter-114#VAT
INVESTMENT BOND LAUNCHED
National Savings and Investments (NS&I) has recently launched a government-backed Investment Bond - See more at: http://www.walkerthompson.co.uk/newsletters/Newsletter-114#Investment
CHANGES TO THE PAYE TAX SYSTEM USING REAL TIME INFORMATION
HMRC have announced that from the end of May 2017 they will be using Real Time Information (RTI) to make adjustments to employee tax codes in-year as and when the need arises
- See more at: http://www.walkerthompson.co.uk/newsletters/Newsletter-114#PAYE
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