Sinclair Day

September 6, 2017

Self-employed NIC increase

Class 2 National Insurance Contributions (NICs) are currently paid by self-employed taxpayers and members of partnerships if their annual profits exceed £6,025. Class 2 NICs are payable at a flat weekly rate currently, £2.85. Class 2 NICs count
September 6, 2017

Auto-enrolment penalties sky-rocket

Automatic enrolment for workplace pensions was instigated to encourage employees to start making provision for their retirement with employers - the government also contributing to make a larger pension pot. The timetable for employers to begin
September 6, 2017

HMRC accept changes to R & D claims

HMRC recently announced a deadline for accepting amended claims for Research and Development (R&D) tax credits. This specific opportunity relates to claims to include eligible reimbursed employee expenses as part of qualifying staff costs. Only
September 6, 2017

Update child benefit and child tax credit details

Taxpayers in receipt of child benefit and child tax credits payments should be aware that HMRC can stop making payments on the 31 August following a child’s 16th Birthday. HMRC has issued a press release reminding parents to inform them if any of