Personal tax and National Insurance changes for 2017-18
In no particular order changes already announced include: The personal tax allowance will increase to £11,500 and the higher rate threshold will rise to £45,000.
In no particular order changes already announced include: The personal tax allowance will increase to £11,500 and the higher rate threshold will rise to £45,000.
Property business owners, particularly buy-to-let landlords, have been hit with a number of quite dramatic changes in their tax status. One of the most draconian
1 March 2017 – Due date for Corporation Tax due for the year ended 31 May 2016. 2 March 2017 – Self Assessment tax for
A search is underway to recruit the UK’s first Small Business Commissioner. The commissioner will be a high profile role supporting small businesses in payment
People planning their retirement will be able to withdraw up to £1,500 from their pension pots tax-free to pay for financial advice, under recent plans
Buy-to-let property owners have been singled out in recent budgets for some quite draconian tax changes. One of the most pervasive starts 6 April 2017.
A reminder that from 6 April 2017 Lifetime ISAs are available as an alternative tax-free investment. The lifetime Individual Savings Account (ISA) is a longer
While we are members of the EU, it continues to be the case that there are no limits to the alcohol and cigarettes you can
Although HMRC refer to taxpayers as customers, and thereby suggest a degree of customer service, in the real world this rarely extends to offering “customers”
The title of this posting describes an important concept when considering claims for expenditure to reduce our tax bills. By and large, HMRC will accept
We have advised readers in previous postings that HMRC seem to be intent on digitising the upload of small business accounting data from April 2018.
HMRC have the following advice to offer: “You may be able to claim tax relief if you have to use your own money for travel
Costs that businesses incur to clean up after the recent storms, that affected the north and east coasts in particular, need to meet the usual
Directors have a responsibility to maintain, preserve and deliver up records that are adequate to explain the financial position of their company. If they fail
Business owners may be considering their options for investment in new equipment especially if their trading year end is March, as is often the case.