HMRC introduce Advance Assurance for R&D

HMRC have introduced Advance Assurance for companies that claim Research and Development (R&D) tax relief. If a company carries out R&D for itself or other companies, it could qualify for Advance Assurance. This means that for the... Read Full Article...

No Comments on HMRC introduce Advance Assurance for R&D

National Living Wage – employers advised to get ready

The Department for Business, Innovation and Skills (BIS) is advising employers to begin preparing for the introduction of the National Living Wage (NLW) which comes into effect from 1 April 2016. The rate is £7.20 an hour... Read Full Article...

No Comments on National Living Wage – employers advised to get ready

Dividend Allowance and rates of tax

Further details have been provided of the new rates of income tax on dividends and the new Dividend Allowance which will apply to dividends received on or after 6 April 2016. The rates of income tax on... Read Full Article...

No Comments on Dividend Allowance and rates of tax

Enews December 2015

In this month’s eNews we report on pertinent announcements from the Autumn Statement focussing on issues for parents, employers and company car drivers, buy to let landlords and those with second homes. We also report on the... Read Full Article...

No Comments on Enews December 2015

Scottish income tax rates and Scottish Budget

From April 2016, the Scottish Parliament will have the power to set its own rate of income tax to fund spending by the Scottish government. The rate will be set in the Scottish Budget on 16 December... Read Full Article...

No Comments on Scottish income tax rates and Scottish Budget

Autumn Statement 2015 – key announcements for parents

Reversal of most of the tax credit proposals A number of changes to tax credits and Universal Credit were announced in the July Budget but the Chancellor has scrapped some of the changes following a defeat of... Read Full Article...

No Comments on Autumn Statement 2015 – key announcements for parents

Autumn Statement 2015 – key announcements for employers and company car drivers

Retaining the 3% diesel supplement for company cars which was to be abolished The scale of charges for working out the taxable benefit for an employee who has use of an employer provided car are now announced... Read Full Article...

No Comments on Autumn Statement 2015 – key announcements for employers and company car drivers

Autumn Statement 2015 – key announcements for buy to let landlords and those with second homes

Higher SDLT on purchases of additional residential properties Higher rates of SDLT will be charged on purchases of additional residential properties (above £40,000), such as buy to let properties and second homes, from 1 April 2016. The higher... Read Full Article...

No Comments on Autumn Statement 2015 – key announcements for buy to let landlords and those with second homes

‘Payrolling’ benefits in kind

From April 2016 the government is introducing a voluntary framework to allow employers to payroll most employee benefits in kind (benefits) rather than report them at the end of the tax year on a form P11D. In... Read Full Article...

No Comments on ‘Payrolling’ benefits in kind

Guidance on use of zero hours contracts

The government has published guidance for employers on the use of zero hours contracts. The guidance sets out where zero hours contracts may be appropriate and also sets out alternatives and best practice. The guidance gives examples... Read Full Article...

No Comments on Guidance on use of zero hours contracts