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News and Blog

Auto Enrolment Contribution Changes 2018

Automatic enrolment has changed the face of the workplace pension dramatically and as an employer, you need to be aware of how this will affect you – not just now, but as auto enrolment contributions change in 2018. Here are the answers to some of the questions we… read more

Tax-Free Childcare Explained

The Tax-Free Childcare scheme, recently launched by the government, will top up the amount eligible parents spend on childcare by 25% to a maximum contribution of £2000 per child. Who is eligible? The Tax-Free Childcare scheme should benefit many self-employed parents as well as employees who do not… read more

Automatic PAYE Tax Code Adjustments

HM Revenue and Customs are planning to use information now available from Real Time Pay As You Earn to make automatic PAYE tax code adjustments through the year, rather than waiting until the end of the tax year. Automatic PAYE Tax Code Adjustments Designed to help millions of… read more

HMRC delay Making Tax Digital

Towards the end of last week, HMRC confirmed the new timeline for Making Tax Digital (MTD). Following the snap general election in June 2017, clauses relating to MTD were dropped from the Finance Bill 2017, leaving both accountants and businesses uncertain as to when, and even if, MTD… read more

How does the VAT Flat Rate Scheme impact on consultants?

At Rawlinsons, we are already starting to see the impact that the Flat Rate VAT scheme changes are having on businesses, particularly consultants. Changes to the scheme, which came into effect on 1st April 2017, will impact businesses defined as ‘limited cost traders’ (see below), who will have… read more

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Record numbers attend annual city charity conference

A RECORD 165 delegates attended Rawlinsons’ increasingly popular annual charity conference at the Kingsgate Conference Centre in Peterborough. The full-day event – now in its seventh year – has continued to grow in popularity, and one delegate commented that this is “a really important event for Peterborough”. Charities… read more

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Rawlinsons team roll up their sleeves for local charities

Members of the Rawlinsons team rolled up their sleeves to volunteer in four local organisations as part of a special charity week. Just over 40 staff took a paid day out of the office to help local charities as part of the company’s ongoing commitment to community volunteering. A… read more

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Insurance Premium Tax on the rise

As announced in the 2016 Autumn Statement and confirmed in the 2017 Spring Budget, the standard rate of Insurance Premium Tax (IPT) is set to rise from 10% to 12% with effect from 1 June 2017. The latest increase means that the rate of IPT will have doubled… read more

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Salary sacrifice scheme advantages removed

Effective from April, the tax and employer national insurance advantages of many salary sacrifice schemes have been removed. Employees swapping salary for benefits are now required to pay the same tax as individuals who buy them out of their post-tax income. Certain benefits are, however, exempt from the… read more

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Bank cheques ‘to clear in a day’

New technology set to be introduced later this year will allow cheques paid into bank accounts to be cleared within one working day. The Cheque and Credit Clearing Company – the organisation that manages the cheque-clearing system – has suggested that a new image clearing system will ‘revolutionise… read more