by Andrew Totton | Nov 23, 2016 | Budget Announcements, Business Taxes, Payroll, Starting a business?, VAT
Below is a brief summary of the key points from the Chancellor’s Autumn Statement, announced today: · Office for Budget Responsibility forecasts economic growth of 2.1% in 2016 (down from 2% it forecast before BREXIT vote); 1.4% in 2017 (down from 2.2%) and... 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 | 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 | May 18, 2015 | Business Taxes, Payroll
What is auto-enrolment? It is a new law that states every employer must automatically enrol workers into a workplace pension scheme if they are aged between 22 and State Pension age, and earn more than £10,000 a year. It is being implemented on a staged basis, with... 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...
