Sinclair Day

February 19, 2018

Tax Diary March/April 2018

1 March 2018 - Due date for corporation tax due for the year ended 31 May 2017. 2 March 2018 – Self assessment tax for 2016/17 paid after this date will incur a 5% surcharge. 19 March 2018 - PAYE and NIC deductions due for month ended 5 March 2018.
February 19, 2018

Government launches campaign to promote shared parental leave

In its “Good Work” response to the 2017 Taylor Review of Modern Working Practices, the government stated that, as part of its commitment to raising awareness of employment rights, it was to instigate a campaign to encourage more working parents to
February 19, 2018

HMRC clarifies commencement provisions for termination payment tax changes

From 6 April 2018, all payments in lieu of notice (PILONs) equivalent to the amount of basic pay will be taxable as earnings, i.e. subject to tax and NICs, regardless of whether there is a PILON clause in the employee’s employment contract. As such,
February 14, 2018

Tax-Free Childcare available now

The Tax-Free Childcare Scheme (TFCS) was launched in April 2017 to the first tranche of working parents. The scheme was initially made available to working parents of children aged under 4 on 31 August 2017. On 15 January 2018, the scheme was