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Rent a room scheme

Rent a room scheme   Although Budget 2017 announced that the Government intends to review the rent-a-room scheme, it currently remains a tax-efficient way of letting out a spare r...
/news/rent-a-room-scheme.htm

New Tax Rules on Dividends

Do you know how the new government rules will impact your business and dividend payments?   We have put together a brief summary of the government’s latest updates – T...
/news/new-tax-rules-on-dividends-271.htm

Self Employed Income Support Scheme (SEISS) Extension

Self Employed Income Support Scheme (SEISS) Extension General Notes The individual can make the second claim even if they did not make the first one. This may have been due to missing t...
/news/self-employed-income-support-scheme-seiss-extension.htm

Maintaining the tax system

Making Tax Digital (MTD) Mandatory digital record keeping for VAT for businesses over the VAT threshold (with turnover over £85,000) comes into force from 1 April 2019. What exactly does ...
/news/maintaining-the-tax-system.htm

0% Starting rate of savings tax

0% Starting rate of savings tax   This will remain at up to £5,000 for 2016-17
/news/0-starting-rate-of-savings-tax.htm

Company Car tax charge -Retention of the three percentage point supplement for diesel cars

Company Car tax charge -Retention of the three percentage point supplement for diesel cars This is to be retained until April 2021.   The appropriate percentage for a diesel compan...
/news/company-car-tax-charge--retention-of-the-three-percentage-point-supplement-for-diesel-cars.htm

Setting company car tax rates for the 3 years to 2019 to 2020

Setting company car tax rates for the 3 years to 2019 to 2020 Finance Bill 2016 will introduce the following changes: -   the appropriate percentage which is applied to the list pr...
/news/setting-company-car-tax-rates-for-the-3-years-to-2019-to-2020-CC.htm

Changes to capital gains tax rates

Changes to capital gains tax rates   Legislation will be included in Finance Bill 2016 to reduce the rate of capital gains tax from 18% to 10% where the person is a basic rate taxpayer...
/news/changes-to-capital-gains-tax-rates.htm

Cut in corporation tax rate

Cut in corporation tax rate   The rate of corporation tax will be reduced to 17% with effect from 1 April 2020 instead of the 18% rate previously announced. 
/news/cut-in-corporation-tax-rate.htm

Rate of tax on overdrawn director’s loan accounts (loans to participators charge)

Rate of tax on overdrawn director’s loan accounts (loans to participators charge)   With effect from 6 April 2016, if your director’s loan account is overdrawn, the rate of...
/news/rate-of-tax-on-overdrawn-directors-loan-accounts-loans-to-participators-charge.htm

Abolition of the Tax return - HMRC go live with Verify identity authentication

Abolition of the Tax return - HMRC go live with Verify identity authentication Gov.uk Verify, the online service taxpayers will need to use to prove their identity before accessing HMRC's d...
/news/abolition-of-the-tax-return---hmrc-go-live-with-verify-identity-authentication.htm

3% stamp duty land tax (SDLT)

I am thinking of purchasing a new house that I will use as my main residence, but I will still own other properties. Will I be liable to the new 3% stamp duty land tax (SDLT)? HMRC guidance&nbs...
/news/3-stamp-duty-land-tax-sdlt-.htm

Capital gains tax implications on inheritance example

Q. My mother died last year and left my brother and me a commercial business unit. Probate is nearly complete now. If we sell the property in the future, what are the capital gains tax implications...
/news/capital-gains-tax-implications-on-inheritance-example.htm

Tax-free childcare

Tax-free childcare From September 2017, working families with three and four year olds will receive 30 hours of free childcare - an increase from the 15 hours they are currently offered. &n...
/news/tax-free-childcare.htm

Tax-advantaged venture capital schemes amendments

Tax-advantaged venture capital schemes amendments   Amendments are to be made to the existing Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) rules. Broadly, the cha...
/news/tax-advantaged-venture-capital-schemes-amendments.htm
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