Home owners and IHT

Aug 03, 2015

One of the tax issues that the Conservative Party promised to legislate for, a promise they made during the recent election campaign, was the easing of the Inheritance Tax charge for home owners in…

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Landlords

Aug 03, 2015

 There were a number of measures in the Summer Budget that will impact the taxation of property income. These include:

  • the abolition of the 10% wear and tear allowance (see details…

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Small business changes

Aug 03, 2015

 Some of the key changes that will impact small businesses in particular are set out below:

  • Taxation of dividend income from April 2016. The present 10% dividend…

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Tapered pensions annual allowance

Aug 03, 2015

 Legislation in Summer Finance Bill 2015 introduces a tapered reduction in the annual allowance from 6 April 2016, for those with an ‘adjusted income’ of over £150,000.

The…

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Tax Diary August/September 2015

Aug 03, 2015

 1 August 2015 - Due date for Corporation Tax due for the year ended 31 October 2014.

 19 August 2015 - PAYE and NIC deductions due for month ended 5 August 2015. (If you pay your tax electronically…

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Offshore tax evaders and their advisers will face even tougher sanctions

Jul 28, 2015

 The new regime to crack down on offshore evaders, which HM Revenue and Customs (HMRC) will consult on from 16 July, includes:

  • a new criminal offence for offshore evasion – so in…

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The Small Business, Enterprise and Employment

Jul 23, 2015

The Small Business, Enterprise and Employment Act has now received Royal Assent and is expected to be implemented to the timescales set out below.

The measures that affect companies aim to:

  • reduce…

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Update for landlords

Jul 21, 2015

On 17 July 2015 HMRC published a consultation document that outlines the changes to the way tax relief will be given for replacement of furnishings in let residential properties.

 The present…

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Top ten things to know about the new Tax-Free Childcare scheme.

Jul 12, 2015

The government has published more information about the proposed changes to their tax-free childcare scheme.  Here are the top ten things to know about the scheme…

1. You’ll be able to open…

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