News & Blog

The latest press releases and opinion from Bishop Fleming

Making Tax Digital for business

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Following the 2017 Spring Budget it has been confirmed that Making Tax Digital, the most radical change in the tax system for over 20 years, will proceed as planned, but with a delay of a…

Spring Budget update – A turn for the worse

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Philip Hammond's Spring Budget, with its U-Turn on National Insurance Contributions (NICs), alienates the very businesses the government should be encouraging, claims Top 40 accountants, Bishop Fleming. Matthew Lee, Managing Partner at Bishop Fleming, described…

Dividend Tax change in 2018

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The new dividend tax regime, which has been in place since April 2016, is to be amended in April 2018, following announcements in the Spring 2017 Budget. Since 6 April 2016 dividend income above £5,000 has…

National Insurance U-Turn, but dividends tax goes ahead

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The government has announced that the proposed increase in National Insurance paid by the self-employed will be shelved until at least 2020. In the Spring Budget the Chancellor had announced that Class 4 National Insurance…

Spring Budget 2017 and the world of payroll

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The recent Spring Budget confirmed a number of payroll-related changes that will take place this year. Tax rates and thresholds As expected, the personal allowance increases in April 2017 to £11,500, continuing its rise towards…

Serial tax avoider rules – action needed before 6 April 2017

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If you have participated in a tax avoidance scheme, you may have limited time in which to take action to protect your interests, otherwise you could be branded a Serial Tax Avoider (STA) by the…

Huge increase in probate fees “morally wrong”

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Relatives inheriting estates worth more than £300,000 from May this year are going to be hit with huge increases in court fees, as the government looks to target them as a way to reduce its…

Spring Budget 2017 announcements at a glance

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Spring Budget 2017 key tax announcements made on 8 March. Whilst Philip Hammond's first (and last) Spring Budget delivers a rosy assessment of the British economy with unemployment at an eleven year low, it is overshadowed by…

Call for action on the taxation of Image Rights

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The Public Accounts Committee (PAC) has recommended that the government takes urgent action to address image rights taxation. It wants to see reforms included in the next Finance Bill to ensure related tax revenue is no…

Grandparents missing out on adult childcare credits

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Grandparents and other family members who take time off work to look after grandchildren under 12 can claim Specified Adult Childcare Credits that count towards their state pension. A recent report reveals that due to…