News

HMRC have changed the way in which they will assess some taxpayers removing the need for these individuals to complete a Self Assessment Tax Return. These changes took effect from September 2017. The affected taxpayers fall into one of two categories: new state pensioners with income more than the personal tax allowance (£11,000) in 2016/17; employees or pensioners with PA ...

The government have announced details of a new Help to Save saving scheme. The scheme is government backed and designed to support working people on low incomes build up their savings. The scheme, administered by HMRC, will be open to working people who receive Working Tax Credits, and those who receive Universal Credit with a household income equivalent to at least 16 hours a ...

On Wednesday 1st November 2017 we held a Cake Bake and Dress Down Day in aid of our sponsored charities, Surrey Wildlife Trust and Lymphoma Association, at our offices in Weybridge, Uxbridge and Sunninghill. The theme this time was “Halloween” and we received some fantastic entries including two graveyards, a whole pumpkin, a witch that had fallen from the sky and various ghou ...

Ward Williams Financial Services had great pleasure in sponsoring the Lymphoma Association ‘Live your Life’ event, in Frimley last week. It was both a well organised and well attended event, providing an interactive and informative session for those affected by Lymphoma. We took this opportunity to present the Lymphoma Association with a cheque for £700. We wish the Lymphoma ...

HMRC have updated their list of examples of websites, emails, letters, text messages and phone calls used by scammers and fraudsters to obtain individual’s personal information. The guidance can be used to help you decide if a contact from HMRC is genuine, this guidance provides examples of the different methods that fraudsters use to get individuals to disclose personal infor ...

Tax

For those individuals who have previously submitted ‘paper’ self assessment tax returns the deadline for the 2016/17 return is 31 October 2017. Returns submitted after that date must be submitted electronically or they will incur a minimum penalty of £100. The penalty applies even when there is no tax to pay or the tax is paid on time. Internet link: GOV.UK deadline For more ...

Tax

Chancellor Philip Hammond has announced that he will deliver the Autumn Budget on Wednesday 22 November. The Autumn Budget will be the second Budget to be delivered this year, and will outline the government’s proposed tax changes and spending plans in response to forecasts from the Office for Budget Responsibility (OBR). The 2017 Autumn Budget will be the first of its kind un ...

The Pensions Regulator (TPR) has begun carrying out employer spot checks to make sure employers are complying with their automatic enrolment duties and that they are giving their staff the workplace pensions they’re entitled to. According to the TPR these inspections help them to understand any challenges employers are facing, and whether TPR need to make any changes to their g ...

The government are offering compensation to those who have been affected by problems with the implementation of Tax-Free Childcare. Individuals who have been affected may be able to get a government top-up as a one-off payment for Tax-Free Childcare. The government will also consider refunding any reasonable costs directly caused by the service not working as it should, mistak ...

Tax

If you are thinking of doing something with your Pension pot, read these five tips from The Pensions Regulator first to protect yourself from scammers: Five tips to protect yourself from scammers. Alternatively, please contact the team at Ward Williams Financial Services Ltd on 01932 830664 or by email on wwfs@wardwilliams.co.uk for further assistance. ...