Dividend Tax

From 6 April 2016 Dividends just got a whole lot more complicated… Historically dividends have been paid out with a tax credit attached, which meant, as long as you stayed within the basic rate of tax you had no further personal tax bills, well I guess this current government thought the family run business owners […]

READ THE REST →

Budget 2016

Today, 16 March 2016, the Chancellor, George Osborne gave a Budget Report that he described as putting the next generation first. Many of the measures mentioned today, as we have become used to, don’t actually take effect immediately, many of the measures mentioned in previous budgets are the ones we all face from April 2016. […]

READ THE REST →

Employers’ NIC Allowance

From 6 April 2016 the Employment Allowance is to increase from £2,000 to £3,000. There will also be no Employers’ NIC payable in respect of apprentices under the age of 25. It is not all good news though, the employment allowance will no longer be available for companies where the director is the sole employee.

READ THE REST →

Autumn Statement 2015

Further to the Autumn Statement yesterday afternoon, we have now uploaded an overview to our website here. The main points to highlight after yesterday’s statement and the summer Budget are: Corporation Tax Rates As announced in the summer Budget Corporation Tax rates will from 1 April 2017 reduce to 19% and 1 April 2020 it […]

READ THE REST →