Local professional support - May 2018

Surprise extension to the childcare voucher scheme
In a surprise move, the Government has announced an extension of the existing childcare voucher (CCV) scheme, which will now remain open to new entrants until October 2018. The Government rolled out its new Tax-Free Childcare scheme earlier this year, but it is thought that concerns over the operation of the new scheme may be behind the extension.

Making Tax Digital – Exploring the myths
The making tax digital (MTD) reforms represent a fundamental and unprecedented change to the UK tax system which will ultimately impact all UK taxpayers and their advisers. VAT is now at the forefront of the plans which HMRC has for MTD although the MTD changes are expected, in time, to apply to all the main taxes.

Calculating CGT could become a lot harder 
Under current rules, UK resident individuals can have up to 22 months to pay tax due on gains arising on the disposal of chargeable assets, during which time they would have use of the full proceeds for investment or other purposes. 

Related services