News and the latest developments at HMRC
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.
Chancellors Budget 16th March 2016
Tax year 2016/17 Income Tax Tax rates are: 0% between £0 and £11000 20% between £11000 and £43000 40% between £43000 and £150000 45% above £150000 Personal allowance is £11000 for everyone. Note 1 –
Dividend Tax Changes
As announced in the budget on 8th July 2015 changes to the way dividends are taxed will be introduced from 6 April 2016. The old system of the dividend tax credit will be abolished and
The Second Budget 2015
On 8th July 2015 the Chancellor presented his first budget of this Parliament. Business Tax Corporation Tax will be reduced by 1% to 19% for the years beginning on 1.4.17, 1.4.18 and 1.4.19. A further
Flat Rate VAT – Can you benefit?
We have recently worked with a few of our clients to help make VAT registration work for them. As a small business VAT registration whether compulsory or voluntary can be a daunting task but what
Employers NI – Under 21s
With effect from 6 April 2015 every employer with employees under the age of 21 will no longer pay Class 1 secondary National Insurance contributions on earnings up to the upper earnings limit (£815 per
