Business rates
Posted on Monday, June 27th, 2016
Business rates have been devolved to Scotland, Northern Ireland and Wales. The Chancellor has announced cuts on business rates for half of all properties in England from 1 April 2017. In particular the government proposes to: permanently... Read Full Article...
Personal service companies in the public sector
Posted on Monday, June 27th, 2016
From April 2017, individuals working through their own company in the public sector will no longer be responsible for deciding whether the intermediaries legislation applies and then paying the relevant tax and NIC. This responsibility will instead... Read Full Article...
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Reduction in corporation tax rate
Posted on Monday, June 27th, 2016
The main rate of corporation tax is currently 20% and this rate will continue for the Financial Year beginning on 1 April 2016. In the following years the rate of tax will fall as follows: 19% for... Read Full Article...
Personal allowances and tax bands
Posted on Monday, June 27th, 2016
For those born after 5 April 1938 the personal allowance is currently £10,600. Those born before 6 April 1938 have a slightly higher allowance. Legislation has already been enacted to increase the personal allowance to £11,000 in... Read Full Article...
National Minimum Wage rises
Posted on Monday, June 27th, 2016
The National Minimum Wage (NMW) rates will increase from 1 October 2016 as follows: Current rate Rate from 1 October 2016 21-24 year olds £6.70 £6.95 18-20 year olds £5.30 £5.55 16-17 year olds £3.87 £4.00... Read Full Article...
Register of people with significant control
Posted on Monday, June 27th, 2016
From April 2016, rules are introduced which require companies to keep a register of People with Significant Control (PSC). In addition, the details of PSC will have to be filed with Companies House from 30 June 2016.... Read Full Article...
Auto enrolment success for small businesses
Posted on Wednesday, March 9th, 2016
More than 90% of the first small employers required to put their staff into a workplace pension have now complied with the law. Around 12,000 small and micro employers became subject to the new legal requirements last... Read Full Article...
What will the Budget bring for businesses?
Posted on Wednesday, March 9th, 2016
With two Budgets in 2015 it does not feel like that long ago since we last had a Budget but the next one is not that far away and will take place on Wednesday 16 March 2016. Ahead... Read Full Article...
Changes to the taxation of saving income
Posted on Wednesday, March 9th, 2016
There are significant changes to the income tax rules from 6 April 2016 which affect the taxation of savings income. From 6 April 2016, if you are a basic taxpayer you may be able to receive up to... Read Full Article...
Year end tax planning
Posted on Wednesday, March 9th, 2016
We are fast approaching the end of the tax year there is still time to save tax for 2015/16. We have set out some points you may want to consider. Review dividend payment timing – with new dividend... Read Full Article...