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Group loss relief – all change

by | Nov 28, 2017 | ACCA, business taxation, HMRC

HMRC has announced a consultation on changes to company group relief. The aim of the draft legislation is to simplify the arrangements for claiming and surrendering group relief for carried-forward losses. For some groups this may mean being able to access losses and...

Class 2 NI abolition put back 12 months

by | Nov 3, 2017 | business taxation

The self employed pay both Class 2 and Class 4 NI.   Class 2 is a fixed weekly amount – sometimes called a stamp – Class 4 a variable amount related to profit. Its long been intended to abolish Class 2 NI, and the set date was April, 2018.  Yesterday, 2...