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Budget 2017

Budget 2017: Advice from your Accountant

Posted: 23rd Nov 2017 by Nigel Atkinson HGH's News
Budget 2017

Budget 2017 – Advice from your Accountant. What are the key changes in the budget 2017 and how will they impact you? This is the first Budget in the new annual tax policymaking cycle. According to, the government’s aim is to provide greater tax certainty for households and businesses by consulting with taxpayers further in… Read more

Budget 2017 – Making Tax Digital

Posted: 9th Mar 2017 by Nigel Atkinson HGH's News

Making Tax Digital – an Update. The Budget gave one small concession on Making Tax Digital (MTD) for those below the VAT threshold for quarterly accounting, but we now await further detail.     Legislation will be introduced in Finance Bill 2017 that will set out:  digital record-keeping – how to keep records of trading… Read more

Budget 2017 Tax Free Childcare Update

Posted: 9th Mar 2017 by Nigel Atkinson HGH's News
Tax Free Childcare

Tax Free Childcare Account or Childcare Vouchers? Parents with children in childcare have an important decision to make in 2017.  The Government will launch the new Tax Free Childcare Account (Childcare Account) and for the self-employed parents this will mean that they have access to tax incentivised childcare for the first time. If you are… Read more

Inheritance Tax – New Residential Nil Rate Band

Posted: 9th Mar 2017 by Nigel Atkinson HGH's News
Inheritance Tax

A new residential nil rate band for Inheritance Tax (IHT). From 6th April 2017 a residence passed on death to a direct descendant will attract a new allowance.  A direct descendant is a child (including a step-child, adopted child or foster child) of the deceased and their lineal descendants. The amount of the main residence… Read more