Welcome to the winter 2016/17 edition of our Tax Tips and More newsletter.
With the number of consultations currently under review and the impending new tax year, 2017 is definitely going to be a year of change.
We have Making Tax Digital, which has been given the green light and will be going ahead in April 2018. The new reporting requirements will begin with sole traders and buy-to-let landlords first, but it is important everyone is aware of their new obligations. Lee Manning delves deeper into this legislation to show you what you can expect from your accountant in light of these changes in his article on page 14.
We also have all of the announcements made at the Autumn Statement, many of which will come into force as of April 2017. These include changes to salary sacrifice benefits and the new VAT Flat Rate scheme, which will impact low cost traders. All of which are included in this winter 2016/17 edition.
Finally, we are pleased to welcome contributions from Bradbury Hamilton, who provide guidance on whether you should be investing in your pension or a New Individuals Savings Account, see page 8 and Haymarket Properties, who provide insight into real estate debt strategies, see page 6.
We now look forward to another great year ahead, helping our clients to achieve their goals and get the most out of their finances.
We always welcome contributions. If you would like to contribute to our next edition, please get in touch.