Accountancy Highlights

Reducing Your Marginal Rate of Tax

Umbrella Vs Limited Company set-up

Treasury to clamp down on stamp duty avoidance

Growth in the market for contractors in the UK

Proposal to merge PAYE and National Insurance

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UK Companies to Prepare for GDPR

UK companies are required to prepare for the new General Data Protection Regulation (GDPR) rules which will come into force by 25 May 2018. Non compliance with the new rules will have significant financial impact and should not be taken lightly. If your company has not begun to prepare for GDPR, you will be advised to take action right away. The scope and depth of the changes required to meet the new regulations is likely to be complex for a number of businesses, particularly in the Technology industry.

The dedadline is tight. Contractors with a project management or business analysis background should look out for significant opportunities arising from GDPR.


Banks to Provide Open Access to Customer Data from 2018

From 1 January 2018 banks will be required to open access to customer data to third parties through their application program interfaces (API’s) under new EU regulations.  The open banking initiative under the second payment services directive (PSD2) will generate a market for account aggregators and will encourage innovation in the marketplace. IT contractors can expect significant opportunities in the banking sector in 2018.


New 12 Sided Pound Coin Released into Circulation in the UK

The new 12 sided pound coin was released into circulation in the UK on 28 March 2017. The new £1 coin is difficult to copy and addresses the problem with the previous pound coin which is believed to have a significant amount of illegal copies in circulation.

The previous £1 coins will remain in circulation until 15th October, after that date they will become worthless.

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