Tax

Optimum Directors Salary
Profit Extraction in 2020/21 – What is the Optimal Salary?
A popular tax-efficient profit extraction strategy used by personal and family companies is to take...
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NIC Threshold
New NIC Thresholds
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The NIC rates and thresholds had been announced in advance of the Budget on 11...
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HMRC
Tax Demanded For Earlier Years
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HMRC can correct income tax returns for obvious errors or omissions within nine months of...
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Capital Gains Tax
Pay Capital Gains Tax in 30 Days
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If you are planning to sell a residential property this year be prepared to pay...
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VAT on letting Land
VAT on Letting Land
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Letting land and property is normally exempt from VAT unless the landlord of a non-residential...
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Loan Charge Action
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If you received loans in place of your salary and did not fully repay those...
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Corporation Tax Penalties
Corporation Tax Penalties
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Even if your business is in spin you should not neglect your company's accounts and...
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HMRC
HMRC warning about telephone scam
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There is currently a telephone scam where a recorded message is left, allegedly from HMRC,...
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Budget 2020 Report
Budget 2016
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Today, 16 March 2016, the Chancellor, George Osborne gave a Budget Report that he described...
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Budget 2020 Report
Autumn Statement 2015
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Further to the Autumn Statement yesterday afternoon, we have now uploaded an overview to our...
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