Money Matters - Summer 2019 Accounting Newsletter
Posted on May 14, 2019

We are pleased to offer you a complimentary copy of our summer newsletter.

The articles in this issue are:

  • Contributions increase for auto-enrolment pensions Employers and employees have both been hit since 6 April with a large rise in contribution rates for automatic enrolment pension schemes.
  • Safeguarding against fraud While the value of reported fraud in the UK more than halved in 2018 compared with 2017, the number of reported cases has barely changed. 
  • Flexing your business Flexible working has become widespread in many businesses, reflecting changes in technology as well as employees’ expectations about their work-life balance.
  • It’s alive! MTD for VAT Making Tax Digital for VAT went live at the start of April.    
  • Caught in the high income child benefit tax trap? Parents and carers with income of more than £50,000 may face large backdated tax bills plus penalties if they have not been paying the High Income Child Benefit Charge.
  • Swings and roundabouts of income tax changes The personal allowance for 2019/20 is now £12,500 and the higher rate income tax threshold has increase to £50,000.

We hope you enjoy reading the newsletter. Please get in touch if you need help or advice on any of the topics covered.