Hicks blog

HMRC urged to extend executors’ inheritance tax deadline

Royal London is calling on HMRC to change inheritance tax (IHT) rules on larger estates to allow executors more time to pay complex tax bills.

Digital skills shortage hampers business growth

A lack of digital skills is affecting business productivity and growth, according to the British Chambers of Commerce (BCC).

Gender pay gap reporting becomes law

Employers with more than 250 staff are now required by law to report gender pay gaps, following the introduction of the new legislation.

Important dates and changes for April 2017

As another new tax year begins, here are some important tax dates and changes to be aware of this month.

National minimum and living wages rise from 1 April

The national living wage (NLW) is now £7.50 an hour.

Late payment regulations support SMEs

Large companies and limited liability partnerships (LLPs) will have to publish their payment practices and performance twice a year from April 2017.

Pensioners staying in work drives up retirement income

The rise in the proportion of pensioners in employment accounts for a quarter of pensioner income growth, according to the Resolution Foundation.

Apprenticeship levy approaches

Employers with an annual turnover of over £3 million will have to pay a 0.5% levy of their wage bill which will go towards apprentices and training for their business.

Firms prepare for Making Tax Digital

Businesses will be given at least 12 months to prepare for the transition to digital tax accounts.