Latest News

New Worldwide Disclosure Facility launched by HM Revenue & Customs

HM Revenue & Customs (HMRC) has announced the creation of a new Worldwide Disclosure Facility (WDF) that will allow people to ensure their affairs are correct before the Common Reporting Standard (CRS) comes into force on in October 2018.

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More than a third of companies unaware of apprenticeship levy

New research from the British Chambers of Commerce (BCC) has revealed that more than one in three businesses have not heard of the apprenticeship levy.

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Accountants Lichfield

News - January 2016

Buy-to-let market faces tough new rules

Last year’s Autumn Statement saw the introduction of a number of new measures, which could have a significant effect on the booming buy-to-let property market.

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Businesses aren’t prepared for the National Living Wage

From 1 April this year every business will need to pay employees over the age of 25 the new statutory National Living Wage (NLW) of £7.20 per hour.

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Late payment terms remain miserable for small businesses

Efforts to eliminate the problem of late payments in the small to medium-sized enterprise (SME) sector is not working, according to a new study by invoice specialists Tungsten Network.

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BIKs review means tax exemption

The Government is set to implement a statutory tax exemption from income tax and National Insurance Contributions for low-value benefits in kind (BIK). As part of the Finance Bill 2016, it will be set at a £50 limit from 6 April this year.  

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Getting digital with online Personal Tax Accounts

Many UK taxpayers are now able to manage their tax affairs following the launch of Personal Tax Accounts.

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Government to raise auto-enrolment upper limit

From April 2016, the Department for Work and Pensions (DWP) is raising the qualifying earnings upper limit for auto-enrolment from its 2015/16 value of £42,385 to £43,000 in 2016/17. The lower limit qualifying earnings band will remain at £5,824 and the earnings trigger will be frozen at £10,000 for 2016/17.

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Peter Hearne Associates Limited - Accountants in Lichfield
2 Parkside Court, Greenhough Road, Lichfield, Staffordshire, WS13 7FE.
Tel: 01543 250888 | Fax: 01543 250535 | Email: peter@phalichfield.com
VAT no: 705 1249 65 | Company registration no: 04207720

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