Tax Diary May/June 2016

May 04, 2016

19 May 2016 - PAYE and NIC deductions due for month ended 5 May 2016. (If you pay your tax electronically the due date is 22 May 2016)

 19 May 2016 - Filing deadline for the CIS300 monthly…

Read more

Companies to be liable for employees who facilitate tax cheating

Apr 28, 2016

The UK will bring forward plans to introduce a criminal offence for corporations who fail to stop their staff facilitating tax evasion, the Prime Minister has announced in a statement to the Commons,…

Read more

Business investment and the annual investment allowance

Apr 26, 2016

The AIA allows businesses to write off the full cost of qualifying expenditure and in recent years the amount allowed as a deduction for tax purposes has fluctuated wildly.

From January 2016,…

Read more

Tax credit renewals online

Apr 26, 2016

 HM Revenue and Customs (HMRC) is urging people to renew their tax credits claim online and early before the 31 July deadline.

When claimants renew their claim, they must tell HMRC about…

Read more

Tax on savings

Apr 19, 2016

From 6 April 2016, if you’re a basic rate taxpayer you’ll be able to earn up to £1,000 in savings income tax-free. Higher rate taxpayers will be able to earn up to £500. This is called the Personal…

Read more

The Panama Papers

Apr 15, 2016

HMRC has responded to the significant leak of information on the activities of individuals and companies that have availed themselves of the offshore advantages of using Panama as a tax haven.

 We…

Read more

Farmers new tax break

Apr 14, 2016

From 6 April 2016, farmers trading as sole traders or in partnership will be able to claim for an extended form of the popular “averaging” provisions.

Under the new rules, initially announced…

Read more

Capital gains tax changes April 2016

Apr 07, 2016

 One of the surprising announcements in the recent budget was the easing of capital gains tax (CGT) rates.

 From April 2016, the new rates published by HMRC are:

 Changes…

Read more

Stamp Duty increases buy-to-let

Apr 07, 2016

From 1 April 2016, individuals who purchase additional residential properties, second homes or buy-to-let properties will pay an additional 3 percentage points above the existing SDLT rates. The higher…

Read more

Sign up to our newsletter

Stay on top of what's happening, get information, and learn about our people.

Sign up