Tax Diary February/March 2016

Feb 01, 2016

 1 February 2016 - Due date for Corporation Tax payable for the year ended 30 April 2015.

 19 February 2016 - PAYE and NIC deductions due for month ended 5 February 2016. (If you pay your…

Read more

Wasted opportunity

Jan 28, 2016

Most of the UK taxes have exemptions and allowances that apply for each tax year. Many are increased in each year in the March budget. Almost none are transferrable from one tax year to another.

If…

Read more

Pensions and tax relief

Jan 26, 2016

At present, until 5 April 2016, there are opportunities to pay more into your pension fund and still qualify for tax relief. The maximum, for some tax payers, is doubled in 2015-16 from £40,000 to…

Read more

What is the current rate of capital gains tax

Jan 21, 2016

If you sell an asset that is subject to CGT the rate of tax you will pay will be 0%, 18% or 28%.

In the current tax year 2015-16, you are allowed to make gains of up to £11,100 tax free.…

Read more

Right to rent checks

Jan 19, 2016

From 1 February 2016 landlords and others involved in the rental of property will need to verify that their tenants have the right to be in the UK.

This is a further level of red tape that…

Read more

Ways to save money in 2016

Jan 14, 2016

 HM Treasury have published a number of money saving strategies that are available this year. We have reproduced a number of the ideas below.

If you’re saving for a deposit for your first…

Read more

Warning, bogus Council Tax refund scams

Jan 12, 2016

The Valuation Office Agency has issued the following warning regarding persons or organisations claiming to be able to reduce your council tax band for a fee.

“We are aware of a number of…

Read more

Review of airside VAT free shopping

Jan 06, 2016

A review has been launched by George Osborne to make sure shoppers share in the reduction in VAT in future. At present, it seems that retailers, particularly the larger retailers, are pocking the…

Read more

Stamp Duty increase for second home buyers

Jan 05, 2016

George Osborne and his team seem to have a grudge against landlords and second home owners. From 1 April 2016, Stamp Duty Land Tax (SDLT) payable on the acquisition of residential property –…

Read more

Sign up to our newsletter

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

Sign up