Pay Less Tax Newsletter – Winter 2019
Read the latest issue of our Pay Less Tax Newsletter – Winter 2019
Tax Relief for Construction and Refurbishment
A new tax relief intended to support business investment in the construction of new buildings and structures or refurbishment of existing buildings, will be granted for costs incurred after 29th October 2018.
Higher Tax and NIC for Contractors to the Private Sector
Contractors who work through personal service companies and contract to private sector businesses will see their contracts brought under tighter scrutiny from April 2020.
Employment Tax and Legislation updates – Autumn 2018
In this blog post, we summarise the latest changes to Employment tax and legislation including Off-payroll working in the private sector, Employment Allowance, Employer provided cars and Self-funded work-related training
Making Tax Digital for Business: VAT
Regulations have now been issued which set out the requirements for MTD for VAT. Under the new rules, businesses with a turnover above the VAT threshold (currently £85,000) must keep digital records for VAT purposes and provide their VAT return information to HMRC using MTD functional compatible software.
Class 2 National Insurance Contributions to remain
George Osborne announced the abolition of Class 2 NIC in the summer 2015 budget to take effect from April 2018, allowing plenty of time for the intended reform of Class 4 NIC legislation intended to pick up the contribution shortfall following abolition and ensure continued provision of pensions and benefits to the self-employed.
Pay Less Tax Newsletter – Summer 2018
Read the latest issue of our Pay Less Tax Newsletter – Summer 2018 Edition
Don’t assume you will be able to sell a business asset “Tax Free”
You may be a sole trader, a partnership or run your business through your personal limited company, whatever vehicle is used to run your business there will be a time when you want to take it a little easier or stop all together and at that time having a clear plan in place well in advance will help secure the right tax reliefs for the assets you dispose of.
Disposing of Personal Belongings – Capital Gains Tax (CGT)
Selling or giving away personal belongings can sometimes have tax consequences. When disposing of personal belongings, you should be aware of Capital Gains Tax (CGT) which is a tax on the increase in value of a belonging.
Gifts made within 7 years of death
As we get older it is natural to want to help the younger generations with a financial gift, however here are some things to be aware of if making gifts.
