by Andrew Totton | Jul 20, 2016 | Budget Announcements, Business Taxes, Starting a business?, Uncategorized, VAT
After the unprecedented result in the EU referendum on 23rd June, and the Leadership campaign to become the next Leader of the Conservatives and also Prime Minister that followed, we now know that we will indeed be leaving the EU, and who will be taking us out.... by Andrew Totton | Mar 21, 2016 | Budget Announcements, Business Taxes, Payroll, Uncategorized
Following the summer budget in July 2015, the Employment Allowance increases from £2,000 per annum, to £3,000 per annum, from 6 April 2016. This is great news for employers! But depending on the type of company you are, you may not qualify for the Employment Allowance... by Andrew Totton | Mar 16, 2016 | Budget Announcements, Business Taxes, Starting a business?
Today, George Osborne delivered his eight budget, and below we have a summary of the key announcements: Outlook The UK Economy is strong, growing and resilient There are storm clouds gathering over the Global Economy The UK Economy will grow by 2% this year, 2.2% in... by Andrew Totton | Feb 22, 2016 | Business Taxes, Payroll, Self assessment, Starting a business?, Uncategorized
With the new Dividend tax rules that come into force from 6th April 2016, the HMRC has decided that it doesn’t want to wait until April 2017 to start collecting these new revenues, when those affected declare the earnings and Income tax through their self-assessment... by Andrew Totton | Feb 17, 2016 | Budget Announcements, Business Taxes, Self assessment, Starting a business?
From 6th April, the old Dividend Tax Credit system is being abolished and replaced by new tax rules on dividends. For those Limited company owners, this brings about a whole new approach to how the majority of their earnings will be taxed, and with it, new challenges...
