Gig economy takes another step towards employment rights
Deliveroo has compensated fifty of its couriers to settle legal action arguing that they should be treated as workers and not self-employed contractors. Deliveroo settled the case after the High Court ruled that a union was allowed to pursue a collective bargaining case with the company. Lawyers representing the couriers have taken this as evidence […]
Ward Goodman issue advice to landlords on changes to tax rules
Ward Goodman, the Dorset based firm of Chartered Accountants and Independent Financial Advisers, has issued advice to residential landlords on the new rules regarding the taxation of residential buy-to-lets interest relief. From 6 April 2020, when the new rules will be fully in place, interest paid will no longer be deductible as an expense when […]
HMRC withdraws pensions calculator after issues for high-earners
HMRC has been forced to withdraw a pensions calculator after it was discovered to be giving incorrect information. The online service was designed to advise people how much they can save into their pension within tax relief limits. Royal London discovered that the calculator was giving incorrect results for people looking at their carry forward […]
Are you late filing your 2017 Tax return?
New statistics obtained under a Freedom of Information request have revealed that HMRC cancelled over a third of the late-filing penalties levied in 2014 and 2015. These figures arrive as HMRC send out the first of their annual reminders to prepare and submit your annual tax return. HMRC statistics show that 750,000 people (6.5%) missed […]
The Ward Goodman Summer Newsletter
We hope you find the latest edittion of our Newsletter of interest. Please contact us if you need any assistance. Ward Goodman Summer 2018 Newsletter
Year End Tax planning from Ward Goodman
Year End Tax Planning from Ward Goodman In this issue: Tax-efficient investments Pension tax planning Directors and employees Capital gains tax planning Inheritance tax planning Charitable giving Checklist
HMRC fines finance directors for accounting lapses
HM Revenue & Customs (HMRC) has issued fines for 115 senior finance directors in the last year, a 150%rise from five years ago. It’s a sign that HMRC is standing its ground in efforts to hold executives personally responsible for corporate failings. The Senior Finance Officer (SFO) regime was introduced in 2009, with the aim […]
Proposed tax rates for 2018/19
In a change to the long established budget timetable the Chancellor delivered the first Autumn Budget for 20 years. However the Government reserves the right to make changes to fiscal policy at the Spring Statement if the economic circumstances require it. These changes could include amendments to tax rates and allowances for 2018/19 that have […]
Perks Of Summer
Summer’s here at last… More than three quarters (84%) of employee respondents believe that receiving summer perks makes them more productive, according to research by workplace consultants, Peldon Rose. The company’s survey of 600 UK-based office employees discovered that 34% of respondents aren’t offered any form of seasonal benefits. The research also found that: 40% […]
Interest Rate Rise
Getting our hopes up for an interest rate rise? Last month saw the first suggestions that interest rates could increase soon. Source: The Federal Reserve In June, the US central bank, the Federal Reserve, increased short term interest rates for the second time this year and the fourth time since December 2015. The 0.25% increase […]
