Have you missed the January tax deadline? If so, it is important to act now as the penalties and fines will only increase. More than 700,000 taxpayers are reported to have missed the January tax deadline, so you are not […]
What will VAT after Brexit mean for you and your business if “No Deal” becomes a reality Although, we are yet to have an outcome, this is what the government believe VAT after Brexit “No Deal“ will mean for you. […]
Autumn Budget 2018 Capital Allowances The Autumn Budget in 2018 confirmed the following changes to capital allowances: Structures and building allowance A new capital allowance will be available for new non-residential structures and buildings. The capital allowance is at a […]
Autumn Budget 2018 Annual Investment Allowance The Autumn Budget in 2018 confirmed the following changes to the annual investment allowance: Annual Investment Allowance – what is it? The annual investment allowance is a tax relief for the purchase of assets […]
Autumn Budget 2018 Corporation Tax The Autumn Budget in 2018 confirmed the following changes to corporation tax: Corporation tax rates The current corporation tax rate is 19%. This is payable on Limited company profits. The government had previously already announced […]
Autumn Budget 2018 IR35 The Autumn Budget in 2018 confirmed the following changes to IR35: What is IR35? IR35 is the legislation which prevents employees disguising themselves as self-employed through Limited company status and therefore paying less taxes. Employees and […]
Autumn Budget 2018 National Insurance The Autumn Budget in 2018 confirmed the following changes to National Insurance: Employment Allowance The employment allowance was established several years ago to assist businesses with a reduction in their National Insurance bill. Employers can […]
Autumn Budget 2018 Income Taxes The Autumn Budget in 2018 confirmed the following changes to personal income taxes: Personal Allowance In April 2019 the personal allowance will increase to £12,500. Currently the personal allowance is £11,850. The personal allowance is […]
Autumn Budget 2018 Overview On Monday 29th October 2018 the Chancellor Philip Hammond presented his second Autumn Budget to the House of Commons. We have summarised what we believe to be the tax announcements which may affect you, your family […]
Contractors who fail to comply with the requirements of the construction industry scheme can receive large CIS penalties. The CIS penalties can easily be in the £000’s. Businesses could also lose their gross payment status which potentially could be disastrous […]