According to official figures the UK unemployment rate has fallen to 5%, this is the lowest it has been since October 2005.The number of people in work rose by 55,000 with the employment rate remaining at a records high of…
There are many ‘Help to Buy’ schemes available in the UK to help first time buyers afford to buy a house. Here are just a couple of the different schemes explained; Help to Buy: Mortgage Guarantee This is also known…
Fuel Duty Fuel duty will remain frozen for a seventh consecutive year. Anti-Avoidance The government re-affirmed its commitment to increase its activity to counter avoidance and taking more cases through to litigation. Sanctions and deterrents will be strengthened, such as…
How and when to complete your self-assessment tax return. HMRC uses self-assessment to collect tax from individuals who run their own businesses or if they receive income that is not taxed through PAYE. The individuals who have to submit a…
Please see below the list of different ICAEW events and training this Autmn/Winter 2016; Flagship Conference for Practitioners Practise 2016: Conference & Expo Essential updates for today, planning for tomorrow – 17-19th November 2016. This conference is led by expert…
The new Sir Winston Churchill £5 note has now been released. The note features the image of Sir Winston Churchill and is made of plastic rather than cotton. The decision to feature Churchill on the new banknotes was made three…
If we can do it so can you! Jack Ross Chartered Accountants are taking part in the Great Manchester 10k Run next May 2017. Why not get your self involved? You can either come and run with us, sponsor us…
Personal allowances and reliefs Generally the personal allowance is £11,000. Non-savings income above the personal allowance is taxed at rates from 20% to 45%. A higher marginal tax rate may be payable between £100,000 and £122,000 when the personal allowance…
Self Assessment is a system HM Revenue and Customs HM Revenue and Customs uses to collect Income Tax. Tax is usually deducted automatically from wages, pensions and savings. People and businesses with other income must report it in a tax…
Here are some important deadlines and dates for 2017 which you may need to know… 1st January 2017 Raw tobacco registration scheme commences 31st January 2017 Filing date for the 2015/16 personal partnership and trust returns filed online, or for…
Tax, reliefs and allowances on different types of property income. There are many ways to earn an income from property such as residential properties, furnished holiday lettings, commercial properties and renting out a room in your house. The exact tax…
Small businesses offered alternative route to finance Small businesses that have been rejected for finance by banks may be matched with alternative finance providers under a government scheme. The service will see participating banks pass on details of businesses they…