new penalties for those who enable the use of tax avoidance schemes that are later defeated by HMRC an update on the rules around company interest expenses, to ensure big businesses cannot use excessive interest payments to reduce the amount of tax they pay changes to prevent individuals from using artificial schemes to avoid paying the tax they owe on their earnings abolishing permanent non-dom status, so that those who have lived here for years – and in some cases for their entire lives – pay tax in the same way as UK residents reducing the dividend allowance from £5,000 to £2,000 from April 2018, limiting the difference in tax treatment between those who work through their own company, and those who work as employees or self-employed, whilst ensuring that support for investors is more effectively targeted.
Full details can be found in the second Finance Bill 2017- legislation and explanatory notes .
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The Office of Tax Simplification is looking for people to join its team 12 September 2017
The Office of Tax Simplification (OTS) is looking for up to 4 part-time or full-time tax professionals with current or recent experience in the private sector.
These individuals need to have an enthusiasm to help drive out structural and administrative simplifications to the tax system and to work as policy advisers on various areas of the Office’s work.
If you are interested you can find out more about these posts and apply through the civil service jobs website
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Autumn Budget 2017 date confirmed 13 September 2017
Government will publish its next Budget on Wednesday 22 November 2017.
The Chancellor of the Exchequer, Philip Hammond, has announced that the government will publish its Autumn Budget on Wednesday 22 November 2017.
The Autumn Budget sets out the government’s plans for the economy based on the latest forecasts from the Office for Budget Responsibility (OBR).
Following the Chancellor’s announcement at Autumn Statement 2016, there will now only be one fiscal event in each year , held in the Autumn.
From 2018 there will be a Spring Statement, responding to the forecast from the OBR, but no major fiscal event.
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Public sector pay awards confirmed for 2017/18 15 September 2017
The government has confirmed police and prison officers pay awards for 2017/18.
Police officers will receive a 2% pay award from 1 September 2017, which includes an additional 1% non-consolidated pay award for 2017/18 on top of a 1% increase in their basic pay. This award strikes a balance between recognising the contribution made by police officers over the past year in response to some of the most challenging situations our
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