Simmons gainsford Making Tax Digital legislation dropped

Making Tax Digital legislation dropped from Finance Bill 2017

Posted on 8th May 2017

Making Tax Digital (“MTD”) is one of the most controversial changes to the operation of our taxation system in recent years.  The Public Accounts committee and House of Lords have both challenged the Government over the short timetable for introduction, the perceived benefits and costs...[more]

Finance Act 2017

Posted on 8th May 2017

The 2017 Finance Bill received Royal Assent on 27 April 2017. Because of the Government’s decision to call a general election, there was limited time for Parliament to debate the Finance Bill, and as a consequence large parts of what was the longest Finance Bill...[more]

Off Payroll Working in the Public Sector

Posted on 8th May 2017

When the legislation on the taxation of services provided through intermediaries (commonly known as the IR35 rules) was introduced in 2000, the then Government decided that the tax consequences of loming within the legislation would fall on the company providing the services and not the...[more]

Government Announces Consultation on a Register of Beneficial Owners of Overseas Companies

Posted on 20th Apr 2017

On 5 April the government issued a consultation on the introduction of a new register which will disclose the beneficial owners of companies which either invest in UK property and/or participate in UK government procurement. This follows on from the introduction last year of the...[more]

What is critical illness cover?

Posted on 20th Apr 2017

Critical illness cover is an insurance that should pay out a lump sum if you are diagnosed with a life-threatening illness such as cancer or heart disease. The money is tax-free and can be used in any way you like – to pay a lump...[more]

What is private medical insurance? Do I need it?

Posted on 20th Apr 2017

The NHS provides free, universal healthcare to everyone living in the UK, and usually delivers world-class treatment if you become ill or have an accident. It’s a great reassurance to know that, no matter your age, stage in life or background, you can get free,...[more]

Happy Easter - Office opening hours

Posted on 12th Apr 2017

Our offices will be closed from Friday 14th April to Monday 17th April, and we are back in the office on Tuesday 18th April at 9.15am. If you have any questions in the meantime, please feel free to send us an email or contact your engagement...[more]

2016/17 Forms P11D – The Major Changes

Posted on 11th Apr 2017

In addition to the need to complete the 2016/17 forms P11D this year is the first one that will be dealt with under the new requirements that were introduced on 6 April 2016. We have listed the changes below. NO MORE DISPENSATIONS Up until 2015/16...[more]

Auto-enrolment penalties: Are you at risk?

Posted on 10th Apr 2017

Employers who fail to comply with the auto-enrolment regulations, the process that requires all employers to offer their staff a pension scheme, may be subject to statutory notices, penalties or escalating fines by The Pensions Regulator. Auto-enrolment is now entering a critical stage where hundreds of thousands...[more]

Communicate to Access Bank Finance

Posted on 4th Apr 2017

Some lending deals fall through not because a business is a poor credit risk but because lenders cannot be satisfied by the information provided.  Any lender needs to properly understand a business if it is to have confidence in that business and its management team....[more]

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