Making Tax Digital delayed until at least 2020

After significant protests and pressure from business, professional bodies and MPs, the government has accepted that the scope and pace of reforms should be delayed. VAT records must be kept digitally from April 2019, but the wider rollout of digital quarterly reporting for sole traders and small businesses will not begin until at least 2020.…

New rules for salary sacrifice

If you’re thinking of offering your employees any benefits, it’s worth bearing in mind new rules on how those benefits are taxed. In short, if you offer an employee the choice between cash or a benefit in kind (also known as “salary sacrifice”), they will be taxed on whichever of the 2 results in higher…