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 This posting lists a few (but not necessarily all) of the tax issues you will need to consider when you are planning a new business:

 HMRC has kindly published a list of the tax changes that affect individuals from 6th April 2015. We have reproduced the list below. Individuals over

The published list of tax changes that affect primarily businesses are listed below. The Corporation Tax rate has been reduced to 20% The new Diverted

If you pay your employees a mileage rate for the business use of their personal vehicles, as long as you do not exceed the approved

HM Revenue and Customs has secured three tribunal wins against tax avoidance schemes, protecting over £260 million in tax. All three rulings uphold earlier judgments

19 May 2015 – PAYE and NIC deductions due for month ended 5 May 2015. (If you pay your tax electronically the due date is

The most generous tax allowance presently available to businesses that encourages direct investment in new plant, equipment and commercial vehicles, is the Annual Investment Allowance

All of this year’s (2015) winners are UK businesses leading the way in international trade, innovation and sustainable development in a broad range of sectors

If you move abroad If you open an Individual Savings Account (ISA) in the UK and then move abroad, you can’t put money into it

On 26 March 2015 the government announced a new initiative to support taxi owners to convert to lower emission vehicles. The initiative is £45 million

You’re on an emergency tax code if your payslip says your tax code is one of the following: 1060L W1 1060L M1 1060L X Emergency

Following on from our previous blog posting: tax changes that were effective from 1 April 2015 (and that mainly affected Companies), we have included below

Parents in work can now share responsibility for looking after their newborn or newly adopted child as Shared Parental Leave law becomes effective 5 April

The Corporation Tax rate has been reduced to 20% The new Diverted Profits Tax has been introduced The bank levy has increased from 0.156% to

In an effort to streamline and simplify the administration of the Self Assessment tax system HMRC is planning to open digital accounts for fifty million