Making Tax Digital

The Government has announced major changes to Making Tax Digital. Instead of commencing in April 2018, only businesses with a turnover above the VAT threshold will have to keep digital records from April 2019 and for VAT purposes only. Any further roll-out of MTD is deferred until at least 2020. http://www.gov.uk/government/news/next-steps-on-the-finance-bill-and-making-tax-digital

Probate Fees: U-Turn

The proposal to increase probate fees from £155 or £215 to up to £20,000 has been scrapped ahead of the General Election. To read more about this, see the link below from the BBC Politics website http://www.bbc.co.uk/news/uk-politics-39663204