Apprenticeship Levy

The Apprenticeship Levy is being introduced from 6 April 2017 and will be payable by large employers. The Levy will be 0.5% of the employer’s pay bill but there is an annual allowance of £15,000.The allowance will be given on a pro-rata basis throughout the tax year.

investors relief

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.

2016 Budget Newsletter

2016 Budget Summary

The 2016 budget was a tumultuous event for Chancellor George Osbourne. Our 2016 Budget Guide is a roundup of the implications of some of the measures announced, some of the changes taking effect from 6th April and some areas where we can help you to save tax! Download our guide which includes details on: Personal Tax Allowances Personal…

Tax Dodgers named by HMRC

Yesterday HMRC published a list of 9 small businesses which have been charged penalties for not declaring all of their income to the tax man. The idea of this “naming and shaming” is that it will deter other business people from trying to avoid paying their tax. Indeed it may scare some into paying more…