01344 776225 info@pkb.co.uk

Philip Hammond considers abolishing dividend allowance

According to a report published in The Daily Telegraph, Chancellor Philip Hammond is considering abolishing the dividend allowance in the upcoming Autumn Budget. The treasury previously cut the allowance from £5,000 to £2,000 in the Spring Statement 2017 and...

IPPR calls for inheritance tax to be abolished

  A think tank is calling for inheritance tax to be abolished as part of a set of proposals for major reform to the UK tax system. The Institute for Public Policy Research (IPPR) published its 10-part plan for economic reform, which includes replacing the system of...

Apprenticeships fall by 31%

The Department for Education has said that the number of people starting apprenticeships has dropped by 31% in the last 12 months. In the academic year between August 2017 and May 2018, there were 315,900 apprenticeship starts, compared to 457,200 the same time the...

Plans to abolish class 2 NICs are scrapped

  Plans to abolish class 2 national insurance contributions (NICs) have been scrapped by Chancellor Philip Hammond. The Government was originally due to abolish class 2 NICs for the self-employed from the 6 April 2018, but the move was delayed for 12 months in...

SMEs cite VAT as their biggest administrative headache

Research from the British Chambers of Commerce (BCC) has revealed that VAT creates the biggest administration burden for around two-thirds of businesses in the UK. The report, which polled more than 1,100 businesses of all sizes, found that 64% of respondents are...

Inheritance tax receipts reach record high of £5.2bn

According to statistics published by HMRC, the Treasury fetched a record high of £5.2 billion in inheritance tax receipts last year. Inheritance tax receipts increased 8% year-on-year in 2017/18 to continue a long-term trend, which began when the nil-rate band was...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close