The main business tax announcements in the Spring Budget 2020 are as follows: Corporation Tax Rates The corporation tax rate is to remain at the current rate of 19%. It had been due to fall to 17% but this reduction […]
The main employment tax announcements in the Spring Budget 2020 are as follows: National Insurance Thresholds The primary threshold which is the rate at which employees start to pay National Insurance is to increase by 10% to £9,500. Self-employed individuals
The main personal tax announcements in the Spring Budget 2020 are as follows: Personal Allowance The personal allowance will remain at £12,500 per annum. This is the amount most UK taxpayers can earn before they pay any income tax. As
Influencers and Tax! Are you a Social Media Influencer, Vlogger or Blogger? Did you know you may have to pay Tax on your online earnings? What is a Social Media Influencer, Vlogger or Blogger? The above terms are effectively referring
HMRC are issuing controls which should prevent fraudsters from spoofing HMRC’s most recognisable 0300 numbers. How are HMRC controlling the issue? HMRC have recently issued a warning of the increasingly mimicked legitimate HMRC helpline numbers (usually beginning with 0300) to
HMRC have announced today, 6th September 2019 that there will be a delay in VAT Reverse Charge implementation. This will come as a welcome relief for most Construction Industry businesses, as many were unaware of the major changes. The delay
Delay in VAT Reverse Charge for the Construction Industry by 1 Year Read More »
Do you have to pay Taxes on Bitcoin UK? Capital Gains Tax is payable to HMRC on Bitcoin profits in the UK. Taxes on Bitcoin are calculated similar to shares. What is Bitcoin? Before we get into the detail on
In April 2020 there will be IR35 changes for the private sector. As a result a large number of contractors will be affected. Why are the IR35 Changes for the private sector happening? Despite HMRC’s best efforts and many changes
Is a vehicle green card required to drive around Europe? Will a no deal Brexit change the driving requirements within the EU? What is a Vehicle Green Card? A vehicle green card is an insurance certificate. Your insurer will provide
Do Directors need to submit a tax return? Up until January 2019 HMRC have always insisted that a personal tax return be completed by a Director. This however was not the law. The law, do Directors need to submit a