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Information Snippets

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  • The government has frozen fuel duty for the ninth year in a row in a move that it says will make life easier for ‘hardworking families’
  • The government has published guidance outlining changes to audit, accounting and company reporting rules in the event that the UK leaves the EU in March 2019 with no agreement in place
  • The government has officially opened its new office hub in London’s Canary Wharf Hub, which will house 6,000 civil servants, a third of them working for HMRC. Who’s thinking there will be more trouble getting an answer from HMRC?
  • HMRC’s extension of powers for tackling tax evasion were under fire from witnesses at a Lords committee and whether safeguards for protecting individual rights have kept pace with enforcement activity
  • The government has increased the loan repayment thresholds for student loans by 2.9%
  • HMRC has confirmed that ‘a small minority’ of VAT-registered businesses with more complex requirements will not have to use Making Tax Digital (MTD) until October 2019

 

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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