Will you be ready for April 2019 HMRC are aiming to make the UK tax reporting system one of the most digitally advanced in the world. This is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right……..or so they tell us. In reality, […]
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Budget Spring 2017
We are now nearly a year into the new dividend tax changes which have seen tax planning for businesses turned on its head. With the future reductions in the corporation tax rates, which begin this April it, looked likely that it was still better to trade through a limited company rather than a sole trader […]
Read MoreBudget 2016
Today’s budget was heralded a budget for the small business and in many ways it was. Corporation tax rates were cut, business rates relieved and for the sole trader, NIC was simplified. On the face of it the budget also heralded improvements for investors. However the chancellor didn’t get where he is today without raising […]
Read MoreAre you ahead of the dividend tax game?
In April 2016 the changes to tax law mean that dividends will be taxed differently and that owner managed limited companies will need to plan ahead. From 6 April 2016 the first chunk of dividends, which were previously taxed at an effective rate of 0%, will be taxed at 7.5%. Whilst this may not seem […]
Read MoreTax planning
Tax planning Tax is a good thing – our money keeps the country running. But paying too much tax is not a good thing. Every year, UK taxpayers give away several billion pounds more than they need to. In 2015 the figure is expected to be around £4.9 billion. The government creates many legitimate opportunities […]
Read MoreUK rent is the ‘most expensive in Europe’
UK rent is the ‘most expensive in Europe’ at time of cheap mortgages. UK rental costs are the highest in Europe but homeowners are benefiting from cheap mortgages, data suggests. Tenants typically spend 39.1% of their income on rent compared with a European average of 28%, figures from the National Housing Federation suggest. The federation, which […]
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