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Spring Budget 2017
10th March 2017

Following yesterday's Budget please find attached a guide to the key points, plus a guide to next years rates.
 
This was the last Spring Budget, so all future announcements will be made in the Autumn Statement that will become the budget.
 
Many of the headline rate changes had been announced in the Autumn Statement, so there wasn't a a great deal of change. However the stand out points have been the widely discussed changes to NI for the self employed and the reduction in the 0% band for the dividend tax.
 
A welcome announcement was the delay by 1 year of Making Tax Digital for the self employed where the turnover is below the tax threshold.
 There was also some welcome relief in business rates for small business. Whether this is enough for some we wait and see.
 
While there have been some welcome increases in welfare spending it feels like a token gesture. The sector faces much larger problems which need to be addressed.

HMRC Going Digital
11th November 2016

There are some very import changes that are coming about over the next few years. Some of the items covered below may not apply to you directly, but will give you an idea of how things will be developing in the future. 

The main thrust of the changes are to move more into the digital age. HMRC are pushing ahead with their plan to make tax digital (MTD), from 2018 onwards. This may seem a long way off, but you need to start thinking now about how these changes may affect you and what changes if any you might need to make to the way you and your business operate when these changes come in.

Areas which are going to change:
  • Self Assessment, for individuals and companies
  • IR35
  • Auto Enrolment
Download our pdf here to find out more about these changes and how they will affect you and your business.

DGS Accounting Services Launches New Website
20th July 2015

We're delighted to announce the launch of our new website which has been re-designed by Digity on a completely new platform. This new technology is 'responsive' meaning our content is now tailored depending on whether you are using a mobile phone, tablet or pc. We hope that this will make us even more accessible to clients going forward.

The First Budget of the New Parliament
16th July 2015

The Chancellor has delivered his first budget of the new Parliament.
Download a summary of the main changes.
 
The main headlines include:
  • National Living Wage is to National Minimum Wage.
  • Reduced Corporation Tax 
  • A New Regime for Taxing Dividends
  • Restrictions on Pension Tax Relief
  • Tax relief restrictions on interest and the replacement of the ware and tare allowance.
 
Most changes will start to kick in from 2016.

A quick outline of the main headlines can be found here.

HMRC's Latest Advisory Fuel Rates
Dec 2014

These Rates came into effect from 1 December 2014.

There have been some changes since the previous announcement. 
Following the recent fall in fuel prices, we would expect to see a big change at the next revision.


A Simple Guide to the Budget 
2014

This is a basic guide, prepared by ACCA’s Technical Advisory team, for members and their colleagues or clients.  It is an introduction only and should not be used as a definitive guide, since individual circumstances may vary. Specific advice should be obtained, where necessary.

Growth and fairness were the themes of the Budget, which you can read here.


A Simple Guide to the Tax Rates and Allowances Announced in the Budget
2014

Download this basic guide, prepared by ACCA’s Technical Advisory team, for members and their colleagues or clients.

It is an introduction only and should not be used as a definitive guide, since individual circumstances may vary. Specific advice should be obtained, where necessary.


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