Accountancy Blog

VAT after Brexit

What could happen to VAT after the UK has left the European Union?

On 23 June 2016, the British public voted in one of the most important referendums of modern times.

The public’s decision to leave the EU will have an impact on almost every aspect of economic life. Trading relationships will need to be reformulated and new ways of attracting foreign investment may have to be sought. Future governments will have a new-found sovereignty over taxation policy. More…

Employee benefits & rewarding staff

A guide to rewarding your staff and the tax treatment of employee benefits.

Many of us do not really think about the commitment that employees make to their employers in terms of time. The average 9 – 5 worker with their 5.6 weeks of statutory holiday is likely to work around 1,880 hours a year.

Understandably, many employers want to provide their staff with a range of benefits to make their employment more enjoyable and to reward them for doing a good job. More…

Tax-free childcare scheme 2017

The government’s tax-free childcare scheme is due to launch in early 2017.

As part of the scheme, parents will be able to set up an online account with HMRC to pay for childcare with a registered provider.

The government will top up the account by 20% up to a total of £10,000. The maximum government payment is £2,000 per child per year (or £4,000 for children with disabilities).

The childcare scheme is available for children up to the age of 12, or 17 for those with disabilities. More…