Capital Gains Tax changes

Apr 07, 2016

CGT rates have been significantly reduced from April 2016.

The rates at which capital gains are taxed depend on where they would fall to be taxed for Income Tax purposes if they were added…

Read more

Overdrawn loan accounts

Apr 07, 2016

Up to 5 April 2016, directors who overdrew their loan accounts in a company ran the risk of an additional 25% Corporation Tax charge if the debt remained outstanding nine months after their company’s…

Read more

Lifetime Individual Savings Account

Apr 07, 2016

In a further bid to encourage savings for a first property purchase, or retirement, a new ISA is being launched from April 2017 – the Lifetime ISA.

It will be available from April 2017 for…

Read more

Tax Diary April/May 2016

Apr 07, 2016

1 April 2016 - Due date for Corporation Tax due for the year ended 30 June 2015.

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

Read more

Business tax breaks from April 2016

Apr 05, 2016

 The government have published a list of changes in the impact of taxation, rates and NIC that will apply from April 2016. The list is reproduced below:

Businesses will benefit from:

  • lower…

Read more

Gift aid donation rules clarified

Mar 31, 2016

Recent reports in the national media have suggested that HMRC has sought to restrict Gift Aid on donations which are accompanied by a message of support from a donor’s family. According to a recent…

Read more

Tax free childcare update

Mar 29, 2016

HMRC have updated their online “top ten things you should know about the new tax-free childcare scheme”. The notes are reproduced below and they provide parents with and easy read overview of the…

Read more

Buy-to let sector suffers another blow in the March budget

Mar 23, 2016

 The Treasury seems to be committed to wringing the last available drop of tax revenue from the buy-to-let sector.

 In the Budget last week the rate of capital gains tax (CGT) was reduced…

Read more

Budget for business

Mar 21, 2016

Just in case you were wondering what was in the Budget last week for small businesses, we have reproduced below the comments made by George Osborne and posted to the GOV.UK website:

Backing…

Read more

Sign up to our newsletter

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

Sign up