News and the latest developments at HMRC

Tax Rates/Allowances 2019/20

Based on the Budget announcements of 29 October 2018 please see below some of the main tax rates & allowances for the forthcoming 2019/20 tax year. Income Tax Personal allowance £12,500 Starting rate £1-£5,000 20%

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Child Benefit Charge – Planning

Having had several discussions recently regarding the child benefit charge please see below a reminder on when it applies and what can be done to mitigate it. The high income child benefit charge was introduced

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Testimonial

Please see below a testimonial we have recently received from one of our clients. “Myself and my husband moved to Bennett’s around 6 years ago following a rather disappointing and unhelpful experience with our previous

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Making Tax Digital

Overview Over the past few years the government has been setting out its plans to transform the tax system, known as Making Tax Digital (MTD). The proposals introduce digital record keeping and quarterly updating to

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Privacy Policy

We have now inserted a link through to our privacy policy at the foot of every page on our web site.

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Dividend Tax Changes – Reminder

For those of you running your business through a Limited Company, just a reminder that the new tax on dividends starts on 6.4.16. Each person will receive a tax free allowance of £5000 for dividends.

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