A concise summary of the tax and non-tax measures announced in the Spring Budget.
News
Self-Assessment Tax Returns: Penalties Explained
We are now nearly a month past the Tax Return filing deadline.
If you missed the deadline for submitting your Return or paying your bill you will get a penalty.
Minimum wage rates from 1 April 2020
The government has announced a 6.2% increase in the National Living Wage (NLW), which applies to workers aged 25 and over. From 1 April 2020 the NLW will rise from the current rate of £8.21 to £8.72 an hour. This is the largest raise since it’s introduction two decades ago.
Christmas Gifts For Staff – Tax Implications?
Making sure gifts to employees are tax-free
Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee.
