If You Are A Landlord There Are A Number Of Tax Changes Coming Which Will Affect You From changes to Capital Gains Tax payment dates to the abolishment of mortgage interest relief, there’s plenty to take in. That’s why we’ve put it all together so you know where you stand. The changes will take effect from April 2020 and will affect almost all sales of additional properties in the UK. Change To Capital Gains Tax Payment Dates Capital gains tax incurred on the sale of a property is currently paid through your self-assessment tax return. Therefore, it doesn’t need to […]
You may have heard the news that the government is implementing some changes to the tax bands for income tax. These changes are likely to affect all individuals paying income tax, so we thought we’d put together a quick article on what these changes will entail.
The Spring Budget for 2017 has been and gone now but there are a few changes that we felt our readers could benefit from a better understanding of.
You may remember we brought you the previous news about increases in the minimum wage back in October of last year. In April, the minimum wage is set to rise again, so we thought we’d bring you this quick update so you’re in the know.
As part of the Autumn Statement, the government has stated that they are changing the Flat Rate VAT Scheme, ostensibly to combat “aggressive abuse” of the scheme. Unfortunately, the changes have the potential to affect many small businesses who are making legitimate use of the scheme.
It’s been a tough year for buy to let landlords – in this article we’ll explain some of the changes being made to tax & relief legislation.
The Government has accepted recommendations from The Low Pay Commission (LPC) to increase minimum wage for under 25 year olds and apprentices from 1st October 2016.
The new guidelines relating to ‘tax exemption for trivial benefits in kind’ (a bit of a mouthful) means that you can now provide employees with a little something extra – and reduce their tax bill in the process.
Let’s take a look at the new rates of dividend tax, the tax-free allowance, and what these changes mean for your business.
There have been new changes in the legislation regarding how business owners are required to register the people with significant control (PSCs) within their business.
As with all new changes in legislation it is important to ensure that your business is meeting the new requirements.