An overshadowed Spring Statement - Hilton Sharp & Clarke IFA's

An overshadowed Spring Statement

An overshadowed Spring Statement. The Chancellor’s March Spring Statement was almost entirely overshadowed by the continuing Brexit crisis in Parliament, but figures from the OBR highlight the importance of ongoing tax planning Ever since he announced a move to an Autumn Budget in 2016, Philip Hammond has made it clear that he wanted to avoid…

PRIIPS – the latest acronym for retail investors to learn?

PRIIPS – the latest acronym for retail investors to learn?

PRIIPS – the latest acronym for retail investors to learn? New regulations are producing some strange figures in investor information documents. There is a new acronym causing furrowed brows amongst investment managers, financial advisers and regulators: PRIIPS. PRIIPS are ‘Packaged Retail and Insurance-based Investment Products’, which includes most fund and investment-related products aimed at retail…

Delay to abolition of Class 2 NIC's may add to self-employed tax bill.

Delay to abolition of Class 2 NICs may add to self-employed tax bill.

Delay to abolition of Class 2 NICs may add to self-employed tax bill. Philip Hammond’s first Budget as Chancellor back in March 2017 hit a severe obstacle when he tried to raise national insurance contributions (NICs) for the self-employed. This Autumn’s Budget produced a significantly more subtle approach and had to , given that the…

HMRC targeting ‘enablers’ of tax avoidance schemes.

HMRC targeting ‘enablers’ of tax avoidance schemes. In August, HMRC published a consultation document on adding a new weapon to its anti-avoidance armoury: penalties on ‘enablers’. While many were enjoying their holidays, HM Revenue & Customs (HMRC) released yet another paper examining ways of “strengthening tax avoidance sanctions and deterrents”. Over recent years, HMRC has…