Please find attached a copy of our Spring Quarterly Tax Newsletter covering:
- Making Tax Digital (MTD) – quarterly reporting of income and expenses starting in April 2018 – though HMRC have yet to confirm the minimum turnover this applies to.
- National Minimum Wage rate increases from April 2017 (previously increased each October)
- ATED (The Annual Tax on Enveloped Dwellings) for companies who own/partly own residential property worth more than £500,000
Updates from the 2017 Budget on Wednesday 8th March 2017 will be available on our Chorus Accounting App.