There are many new changes afoot in 2015 with regards to pensions, so whether you are saving for old age, about to retire or even have already retired there are a few things you need to know about. Pension freedom…
Everyone knows that running a business is hard enough without having to remember the deadlines for the different returns required by HMRC. That is why weve put a quick list of the key dates for 2015 you MUST remember and…
I had the opportunity to meet George Osborne, Chancellor of the Exchequer this week at Number 11 Downing Street. The meeting was about the Nothern Powerhouse, but I wanted to speak to him specifically about the new proposed Dividend Tax.…
Corporation Tax From April 2015 there has been a single rate of corporation tax for all companies- 20%. Corporation tax self-assessment requires companies to work out their own tax liability as part as their return and account for the ‘self-assessed’…
Here are some changes which may affect your planning from April 2016; Pensions- As from April 2016 there will be a reduction in the £40,000 annual pension allowance where income, including pension contributions, exceeds £150,000. The annual allowance will reduce…
Xero payroll is helping many get ready for payroll year end in the UK. Xero have release updates to the Xero Payroll which should ensure payroll year end tasks are met. Updates such as; A P11 report is now available…
Everyone knows that running a business is hard enough without having to remember the deadlines for the different returns required by HMRC. That is why weve put a quick list of the key dates for 2016 you MUST remember and…
Owning and running your business is a tough proposition but it is vitally important that people continue to do it. As well as the rewards that come from hard work and determination, there are also monetary benefits to running your…
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…
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…
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…