Spring Budget 2017
Chancellor Philip Hammond’s first and last Spring Budget (he decided last year to move them to the Autumn from now on) was predicted to be boring – but judging by the amount of press comment it has attracted it appears […]
News
Making Tax Digital, not easier
The Treasury Select Committee (“TSC”) published their report in January 2017 on the Making Tax Digital (“MTD”) proposals put forward by the government. This was done before the government itself had responded to the consultation feedback it had received. Perhaps one […]
Tax free childcare will soon launch
The new tax free childcare scheme was originally announced in March 2014, but early 2017 will finally see the heavily delayed start of its roll out (which is scheduled to be complete by the end of that year). For self-employed […]
Flat rate VAT changes may impact your small business
The Flat Rate Scheme for VAT was designed to simply administration for VAT registered businesses with a turnover under £150,000. In his Autumn Statement earlier this week, the Chancellor Philip Hammond announced some significant changes to the scheme designed to […]
Self assessment deadline for paper filing
Don’t forget that if you still file your self assessment return in paper form, then your deadline for doing so is 31 October.
Changes to dividend taxation
The 2016/17 tax year saw a significant change to the way dividends are taxed when received by individuals, and if you are a small business owner this could have a major impact on your tax bill. What has changed? As part […]
P11d deadline is almost here
If you employ people and provide them with benefits in non cash form, like private medical insurance or company cars then you only have a matter of weeks before you have to submit your annual P11d returns. This requirement might […]
Self assessment deadline is looming!
For individuals who are required to file a tax return under self assessment, the deadline is fasting approach – just over 3 weeks to go! To avoid the risk of fines, or simply to take away the pressure of having […]
Summer Budget Alert for Individual Landlords
If you are a landlord and a higher rate taxpayer, the 2015 Summer Budget contained policy changes that in some circumstances could undermine the future viability of your property business. From April 2017, changes will be gradually introduced to restrict […]