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Member Update - March 2018
Chancellor’s Spring Statement: a summary

A ‘Tiggerish’ Chancellor Philip Hammond delivered a Spring Statement with few surprises on Wednesday.

The good news, he told a packed House of Commons, was that inflation and borrowing are on the way down while economic growth was better than expected and employment figures are on the way up. Economic growth for 2018 will be 1.5%, better than forecast, although it will fall to 1.3% for both 2019 and 2020. Inflation is set to fall to 2% by the end of this year.

Find out more >
Have you booked your place yet at the IAB’s seminars?

Further events have been arranged for 2018 covering a range of highly topical areas including the General Data Protection Regulation (GDPR) and Making Tax Digital.

They are an excellent way to gain updates for your own business and your clients or your employer.

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The Payroll and Reward Conference 2018: Invite for IAB members

The Learn Centre is pleased to announce its partnership with Reward Strategy for The Payroll and Reward Conference 2018, taking place on the 6th and 7th June in London.

Two of the biggest payroll conferences in the UK are combining to create the largest independent payroll conference in the country which will cover the entire payroll and reward spectrum.

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Taxpayers with overseas interests must disclose unpaid tax by September

Taxpayers who know or suspect that they have unpaid tax relating to overseas assets, income or activities need to act before the deadline of 30 September 2018 to avoid incurring much higher penalties for non-compliance.

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Making Tax Digital: Entering public beta for Income Tax

HMRC has entered into the public beta testing for the Income Tax service as part of Making Tax Digital (MTD).  Following the decision last summer to slow the pace of mandation for Income Tax, HMRC has continued to test the service on a small scale with businesses, agents and software developers.

Read More >
Facebook, Google and more amazing content at The Business Show 2018

Our friends at The Business Show are once again returning to the ExCeL London on the 16th and 17th of May 2018 with the most exciting and unique business event. The first show of 2018 is bringing a better, bigger Business Show with a new keynote line-up focused on offering you answers on the hottest topics in business & entrepreneurship today.

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Take part in our annual survey

We are conducting our annual membership survey.  Thank you to everyone who has completed the survey.  Your response is really appreciated.  If you haven’t already completed the survey you can do so via the following link: https://www.surveymonkey.co.uk/r/32LPWFN.

Thank you in advance for your participation.  Your feedback is really important to us and will further assist us to ensure we are providing you with the support you need.

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Auto enrolment: Key messages March 2018

Are your clients thinking of employing their first member of staff? Make sure they know what their automatic enrolment duties are. It’s the law.

New employers will have a number of things they’ll need to think about. Automatic enrolment – where you’ll need to put certain staff into a workplace pension and pay contributions into the scheme – is just one of the legal duties your clients need to meet as an employer.

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Do you have a technical query you need help with?

There is a free helpline available to professional members who have VAT and tax related queries. If you need assistance with technical questions relating to other areas then we have a panel of experienced members who we can pass on your queries to. If you would like to find out more about this service contact the membership team who will be happy to provide further details. Email membership@iab.org.uk or 01732 897750.

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Creative Skillset’s NEW Film Accounts Trainee Finder now recruiting

Creative Skillset, the skills body for the screen-based industries, has launched a new Film Accounts strand to its flagship Trainee Finder programme. Responding to industry demand for skilled accounts personnel, a bespoke programme has been created, in partnership with Production Guild, to identify and provide introductory training for numerate individuals eager for a freelance career in the Accounting side of film production.

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Push to encourage take-up of shared parental leave

The government has launched a new ‘Share the Joy’ campaign, promoting shared parental leave rights for parents, after discovering take up of the scheme could be as low as 2%

The workplace right for eligible parents allows them to share up to 50 weeks of leave and 37 weeks of pay after having a baby. They can take time off separately or they can be at home together for up to six months.

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The Word from Sarah: Online Softwares - A Brave New World

In her regular feature, Sarah Palmer tackles the issues that matter.

For the last few years I have anticipated, prepared and implemented changes within my business to weather the storm that the rise in online bookkeeping packages has created. At times it has been stressful, as there was no clear roadmap, but I’m now pleased with the new business model I have achieved. 

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IAB Privileges: Save money on gym memberships

Don’t worry, it’s not too late to start your new year fitness regime. Save money on gym memberships with My Gym Discounts! It is a voucher based or discount code scheme which offers members the opportunity to benefit from discounted gym memberships at hundreds of gyms, leisure centres, health clubs and class studios across the UK and Ireland*.

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International - Japan government reiterates economy is gradually recovering

The Japanese government left unchanged its assessment that the economy is gradually recovering, suggesting a recent growth streak is likely to continue as consumers spend more, exports rise and companies increase investment.

The government did change the wording of its assessment for consumer prices in March to say they are gradually rising. Last month, the government said consumer prices were flat.

Read the full article on Reuters >
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