May 2017 – Question & Answers

Q. My company owns a car which is used during the day by various employees for business travel only. However, since there is no overnight parking facility at our business premises, one of my employees takes the car home each …

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Tax-free savings update

Although interest rates for savings generally remain low, there are still a few tax-efficient savings opportunities on offer, with increased savings thresholds taking effect from 6 April 2018. Individual Savings Accounts Broadly, cash ISAs are available to investors aged 16 …

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Automatic enrolment for pensions

To encourage workers to start building up retirement benefits, the Pensions Act 2008 introduced certain reforms requiring all employers to offer workplace pension schemes and to enrol eligible workers into their schemes. These reforms are commonly known as the ‘automatic …

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May 2017 – Key Tax Dates

2 – Last day for car change notifications in the quarter to 5 April – Use P46 Car 19/22 – PAYE/NIC, student loan and CIS deductions due for month to 5/5/2017 31 – Deadline for copies of P60 to be …

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