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 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... by Andrew Totton | Jul 8, 2015 | Budget Announcements, Business Taxes, Starting a business?
Today, the Chancellor, George Osborne, has delivered his first budget under the new Conservative government. Here are the key points: Personal tax The personal allowance to rise to £11,000 from April 2016 (currently at £10,600). This is to increase to £12,500 by 2020.... by Andrew Totton | May 13, 2015 | Budget Announcements, Business Taxes, Payroll, Self assessment, Starting a business?, VAT
As the dust settles on a Conservative majority, below is a summary of what this might mean for you and the pound in your pocket: INCOME TAX No increase in Income Tax or National Insurance rates The Tax free personal allowance is to rise from £10,600 to £12,500... by Andrew Totton | Mar 19, 2015 | Budget Announcements, Business Taxes, Payroll, Self assessment, Starting a business?
On 18th March, the Chancellor announced in his budget, that the current tax regime would be abolished in favour of an online tax account. When will the tax return be abolished? The tax return will continue into existence until 2020. How will taxpayers report... by Tim | Apr 3, 2014 | Budget Announcements
Below is a summary of the key points from the Chancellor’s 2014 Budget announcements. Business Taxes: Corporation Tax – the main rate will reduce to 21% from April 2014, and to 20% in April 2015 Corporation Tax – the small profits rate remains unchanged at 20%...
