New rules to tackle VAT evasion

Online marketplaces that provide a platform for businesses to sell to UK-based consumers may be held liable by HMRC if those traders are not paying the correct amount of VAT. The joint-and-several liability (JSL) for online marketplaces, which was first announced in Autumn Budget 2017, came into force on 15 March […]

State pension gender gap narrows in 2017

Men receive an average of £28,995.20 more than women from the state pension over a 20-year retirement, analysis shows. Consumer watchdog Which? analysed data from the Department for Work and Pensions, and found the average man gets £27.88 more a week in the state pension than the average woman. While the […]

Reduced dividend allowance edges closer

From 6 April 2018, the tax-free allowance on dividends will be reduced from £5,000 to £2,000. Owner-directors have used the dividend allowance to extract profits from their business, but changes over recent years have seen the advantage of this tax-efficient strategy reduce. The reduction will almost certainly result in business owners, […]