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 […]
From 6 April 2016 if you are the Sole Director with no staff you can no longer claim the Employment Allowance, now worth £3,000, this means there is no need to pay yourself a salary at a level that incurs a National Insurance cost. So we are back to the easy salary decisions we used […]
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. […]
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.
HMRC has issued its new Advisory Fuel Rates that take effect from 1 March 2016. As fuel prices continue to fall HMRC has now revised downwards the latest rates. For the latest HMRC Advisory Fuel Rates please click here.
HMRC has issued its new Advisory Fuel Rates that take effect from 1 December 2015. As petrol prices have continued to remain low there has not been a change in the HMRC Advisory Fuel Rates this time. For the latest HMRC Advisory Fuel Rates please click here.
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 […]
HMRC has issued its new Advisory Fuel Rates that take effect from 1 September 2015. As petrol prices have continued to drop lately there has been a reduction in the HMRC Advisory Fuel Rates this time. For the latest HMRC Advisory Fuel Rates please click here.