The government have announced details of a new Help to Save saving scheme. The scheme is government backed and designed to support working people on low incomes build up their savings. The scheme, administered by HMRC, will be open to working people who receive Working Tax Credits, and those who receive Universal Credit with a household income equivalent to at least 16 hours a ...
Criminal Finances Act
The Criminal Finances Act 2017 took effect on 30 September 2017. It makes companies and partnerships, a ‘relevant body’, criminally liable if they fail to prevent the facilitation of tax evasion being carried out by an employee, anyone acting on their behalf or someone acting as an agent. If found guilty, the business could face unlimited fines and potentially further consequen ...
Welsh Land Transaction Tax
The Welsh Assembly has announced the proposed rates and bands for land transaction tax (LTT) which is to be introduced for land and property in Wales on 1 April 2018, replacing Stamp Duty Land Tax. Under the new rates for LTT, Wales will have the highest starting threshold for the property tax in the UK. The proposed rates are as follows: Residential Non-re ...
HMRC Targets Private Landlords!
It is well publicised that the Government is committed to cracking down on tax avoidance and evasion, from individuals who bend the rules through to lawbreakers who evade their taxes altogether. Whilst David Gauke (Exchequer Secretary to the Treasury) announced in his ‘Compliance Progress Report (March 2013)’ that the UK’s tax gap figures rank among the lowest in the world, the ...
Draft SRA Accounts Rules 2018 Published
The latest DRAFT SRA Accounts Rules 2018 were published by the SRA on Wednesday 14 June 2017 and have been reduced to just seven pages containing twelve rules. As expected, the Solicitors Regulation Authority (SRA) has, backed down on their controversial plan to change the definition of client money. This is a result of feedback received during their consultation on propose ...
Autumn Budget wishlist
With the Chancellor’s first Autumn Budget due to be presented on 22 November, professional bodies and business groups are setting out their Budget wishlists. Recommendations include changes to Business Rates, a ‘Brexit ready’ Budget, incentives for business and an appeal for changes to the Apprenticeship Levy. The ICAEW is urging that the government give sufficient attention ...
Charity Cake Bake for Surrey Wildlife Trust & Lymphoma Association
On Wednesday 1st November, Ward Williams Financial Services hosted a Halloween theme charity bake off to raise money for their two chosen charities Surrey Wildlife Trust and Lymphoma Association. Throughout the year Ward Williams Financial Services have continued to support both charities by raising donations through local charity events. The whole Ward Williams Group took pa ...