As sponsors of the Services category, we now face the task of sifting through the applications to settle on a shortlist of three. We are looking forward to meeting the three shortlisted companies at a champagne and canapes evening in May.
The zero rate on the first tranche of dividend income was confirmed as reducing to £2,000 from April 2018. The reduction will result in an extra £1143 for an additional rate taxpayer with a basic rate taxpayer having an extra £225 to pay.
The 2017 Autumn Budget announced the delayed abolition of Class 2 NICs until April 2019.
We’re really pleased to welcome Adrian Ball to our Accounts and Audit team. Adrian qualified in 2012 and has experience in bookkeeping through to accounts preparation.
Read the latest issue of our Pay Less Tax Newsletter 2016 / 17 Winter Edition
The Personal Savings Allowance (PSA) is a new allowance. It allows up to £1,000 of savings income to be paid to a basic rate taxpayer free of tax. For a higher rate taxpayer the allowance falls to £500 but additional rate taxpayers are not entitled to any allowance.
In this newsletter, we examine the following changes: The Savings Starting Rate and the Personal Savings Allowance Explained NEW Investors Relief – In the Budget 2016 a new relief was introduced, Investors Relief (IR) to encourage passive investors to invest in trading businesses. Annual Tax on Enveloped Dwellings (ATED) It’s all change for long-term resident…
The ‘Investors Relief’ has been introduced to encourage passive investors to invest in trading businesses
In the Budget 2016 a new relief was introduced, Investors Relief (IR) to encourage passive investors to invest in trading businesses. The investor subscribes for qualifying shares and when these shares are disposed of the gain in value of the shares attracts a preferential 10% rate of Capital Gains Tax (CGT) up to a lifetime limit of £10 million.
New company car advisory fuel rates have been published which take effect from 1 September 2016. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car.
HMRC are advising employers that their employees may benefit from accessing their Personal Tax Account. These accounts allow taxpayers to view information about their tax affairs and advise HMRC online about changes that may affect the tax they pay.