Childcare scheme extended

Childcare scheme extended

HMRC have recently confirmed that the second phase of the roll-out of the new 30 hours free childcare has commenced. Broadly, from September 2017, the new 30 hours free childcare offer for working parents of three and four year olds in England doubled the previous 15...
Autumn Budget November 2017 – Summary

Autumn Budget November 2017 – Summary

Chancellor Philip Hammond has delivered his first Autumn Budget under the new system he announced this time last year. The aim of the new system is for the Finance Bill, which is normally published after the annual Budget, to reach Royal Assent stage in the spring of...
Autumn Budget November 2017 – Business

Autumn Budget November 2017 – Business

Annual update to the Energy Technology List for first year capital allowances Finance Bill 2018-19 will contain provisions to extend First Year Tax Credits (FYTC) for five years and reduce the percentage rate of the claim to two-thirds of the corporation tax rate. The...
Autumn Budget November 2017 – Individuals

Autumn Budget November 2017 – Individuals

Personal allowance and income tax threshold The personal allowance for 2018/19 is set at £11,850 (£11,500 in 2017/18), and the basic rate limit will be increased to £34,500 (£33,500 in 2017-18). The additional rate threshold will remain at £150,000 in 2018/19. The...