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.

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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 –

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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

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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

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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

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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

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