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Centre E-Newsletter - March 2017
Class 4 NICs rise to be delayed and other Budget highlights

Theresa May is set to delay Chancellor Philip Hammond’s move to raise Class 4 national insurance contributions (NICs) until the autumn after some Conservative MPs strongly objected to the measure.

The Chancellor announced in the Budget that the main rate of Class 4 NICs for self-employed people will increase from 9% to 10% from April 2018, with a further increase to 11% in April 2019.

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HMRC offers host of advice

HMRC is ramping up the advice, guidance and tips offering on its website. Ideal for CPD or just to keep you upto date.

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IAB sponsors top accountancy award

The annual PQ magazine awards night is one of the highlights of the accountancy calendar, and the IAB is a strong supporter of the event, this year sponsoring the Study Resource of the Year category.

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Changes to tax avoidance rules

From July, anyone who assists a taxpayer or business to use a tax avoidance arrangement that is later defeated by HMRC can be fined up to 100% of the fees earned.
The initiative isn’t going to be a big earner, however. The estimate is that the penalties will raise just £10m in 2017-18.

Social media ‘can cause loneliness’

Young people who spend long periods of time on social media are more likely to feel cut off from the rest of society, says a new report.

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Buy essays online and you’ll be kicked out, students cheats told

Students who buy essays online face expulsion after ministers demanded colleges impose tough penalties on those caught cheating.

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University degree not the key to happiness

Young people who go to university are no happier than their contemporaries who leave school to start an apprenticeship or go straight into work, according to a new study.

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International - New EU initiative to help SMEs expand business abroad

European SMEs can take advantage of new EU support to participate in a series of one-to-one meetings at international trade fairs to expand their businesses abroad.

Business Beyond Borders (BBB) will help EU businesses operate internationally by organising a series of Business-to-Business (B2B) and Cluster-to-Cluster (C2C) matchmaking events at selected international trade fairs to initiate SMEs’ entry into new markets, from Australia and South Africa to India, Chile, Iran, and beyond.

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