Headlines from our latest newsletter. Please click on any of the links below for more information :
WELCOME TO A NEW MEMBER OF STAFF
This month we are pleased to announce the addition of a new member of our team.
Amy
Cotton has joined Walker Thompson in our Payroll and Client Services
section and she will hopefully soon become a familiar name and face to
clients who use our bookkeeping and payroll services. Her experience in
Sage and Xero software will be a great addition to our existing business.
Amy is a qualified MAAT who began her career in the professional sector before spreading her wings into industry and commerce.
She has most recently been working for CNC Technologies in Warwickshire.
Outside
of work Amy has a young family who takes up quite a lot of her time but
when she does find a few moments to herself she enjoys music and the
cinema.
GDPR
New data protection rules from General Data Protection Regulation (GDPR) will replace the Data Protection Act in the UK from 25 May 2018 - see more at : http://www.walkerthompson.co.uk/news/newsletter-125/#GDPR
EMPLOYER-SUPPORTED CHILDCARE GETS A REPRIEVE
Many employers help employees with childcare costs, often by providing childcare vouchers by way of salary sacrifice. Following the roll out of Tax-Free Childcare (TFC), the new government scheme to help working parents, existing Employer-Supported Childcare (ESC) schemes were expected to close to new joiners from April 2018 - see more at : http://www.walkerthompson.co.uk/news/newsletter-125/#Employer
MAKING TAX DIGITAL FOR VAT FROM APRIL 2019
The regulations to
bring into force Making Tax Digital for VAT (MTDfV) are now law, and
digital VAT returns will be required from 1 April 2019 - see more at : http://www.walkerthompson.co.uk/news/newsletter-125/#Digital
WELSH LAND TRANSACTION TAX INTRODUCED
From 1 April 2018, Land Transaction Tax (LTT) will replace Stamp Duty Land Tax (SDLT). LTT will be collected by the Welsh Revenue Authority (WRA). HMRC has published guidance on the introduction of the new tax and the way in which property transactions straddling 1 April 2018 and cross border transactions will be dealt with - see more at : http://www.walkerthompson.co.uk/news/newsletter-125/#Welsh
INCOME TAX CHANGES FROM 6 APRIL 2018
The personal allowance for 2018/19 is £11,850. However, some individuals do not benefit from the full personal allowance. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000, which is £1 for every £2 of income above £100,000. So for 2018/19 there is no personal allowance where adjusted net income exceeds £123,700 - see more at : http://www.walkerthompson.co.uk/news/newsletter-125/#Changes
UPDATE FOR EMPLOYERS AND THEIR EMPLOYEES
HMRC’s latest Employer Bulletin includes useful updates for employers as we approach the start on the new tax year on 6 April 2018 - see more at : http://www.walkerthompson.co.uk/news/newsletter-125/#Update
SPRING STATEMENT ANNOUNCES CONSULTATIONS
Chancellor Philip Hammond delivered his Spring Statement on Tuesday 13 March 2018 - see more at : http://www.walkerthompson.co.uk/news/newsletter-125/#Spring
Wednesday, 18 April 2018
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