Making Tax Digital
Making Tax Digital for VAT From April 2019 VAT registered businesses and organisations with taxable turnover above the VAT threshold of £85,000…
Budget 2018 overview
BUDGET 2018: Overview The 2018 Budget was delivered by the Chancellor, Philip Hammond, on 29 October 2018. With less than six months to go before…
2017 Autumn Budget Highlights
2017 AUTUMN BUDGET HIGHLIGHTS Personal tax There was very little new on personal tax changes. The manifesto commitment to raise the personal…
2017 Spring Budget Highlights
2017 SPRING BUDGET HIGHLIGHTS Personal Tax Personal allowance will be £11,500 from April 2017 Higher rate income tax threshold £45,000 (and…
Changes to VAT Flat Rate Scheme
The Government has announced changes to the VAT Flat Rate Scheme, with effect from April…
Autumn Statement 2016
The new Chancellor gave his first Statement on 24 November 2016. Here are some points of interest for small businesses and individuals: 1.…
Budget 2016
Budget 2016 highlights Business tax Small Business Rate Relief threshold rising to £12,000 Corporation tax, currently 20%, will reduce to 19%…
Top up your State Pension
Class 3A National Insurance is launched on 12 October 2015 People who reach state pension age before 6 April 2016 can now top up their state…
Changes to the taxation of dividends
The 2015 Summer Budget announced changes to the taxation of dividends. These changes will take effect from 6 April 2016. At present dividends are…
Summer Budget 2015
The measures announced in the Summer Budget 2015 include: BUSINESS Corporation tax – the corporation tax rate will be cut to 19% in 2017 and…