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In August 2016 the interest rate HMRC charges you for not paying your tax bill on time (which tracks bank interest rates) decreased after nearly seven years of remaining static. However after a blip in inflation over the last year HMRC has now raised its rates
From 21 November 2017 the interest rate is 3% per year up from of 2.75%. However, there’s no change in the rate of interest HMRC pay on refunds. This remains at 0.5% per year. These rates apply to all direct taxes.
Proposal to extend pension auto enrolment to younger workers
There has been an announcement to extend pensions auto enrolment to young workers and to amend the way the contributions...
New Student loan limits
If you are an employer, you need to be aware that the earnings thresholds at which you are required to make deductions f...
What HMRC says about the 'not so simple' taxation of Bitcoin
HMRC’s opinion on cryptocurrencies is given here. This covers VAT, corporation, income and capital gains taxes. Crypto...
The Chancellor's Spring Plan - Tax-efficient training
Tax relief on training costs was one of the interesting consultations that relates to current rules favouring employees ...
Good tax advice in a friendly and professional manner.
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