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- The Treasury plans to offer people struggling with serious debt a ‘breathing space’ from their bills, with up to six weeks free from further interest and charges
- There will be a one year delay before the removal of Class 2 NICs to assess the impact on self-employed individuals with low profits
- HMRC have updated guidance on paying corporation tax instalments to reflect that personal credit card payments won’t be accepted from 13 January 2018
- HMRC increases interest rates for late paid tax and NIC from 21 November 2017 by 0.25% but no increase to repayment interest rates.
- The full roll-out of HMRC’s tax-free childcare scheme has been delayed to March 2018 with the scheme opening to parents whose youngest child is under six from 24th November, as part of a phased approach to the online service, which has experienced many teething problems
Disclaimer:- The information contained herein is given by way of general guidance only and no action should be taken solely on the basis of the information contained herein. The Avanti Group (UK) Ltd will be pleased to provide further guidance on the issues, and how they might affect you. No liability is accepted by the firm for any action taken without seeking appropriate professional advice