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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...

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...

Tax rates and the personal allowance

Tax rates and the personal allowance Although the personal allowance for 2016-17 was set at £10,800 by the first Finance Act 2015, it has now been confirmed that it will rise from its cur...

Budget update 2020-Corporation tax rates confirmed

Corporation tax rates confirmed The corporation tax (CT) main rate is set at 19% for the financial year beginning 1 April 2020. This maintains the rate at 19% rather than reducing it to 17% fro...

Budget update 2020-landfill tax rates confirmed

2020 landfill tax rates confirmed As announced in the 2018 Budget, both the standard and lower rates of landfill tax will increase in 2020 in line with the Retail Prices Index (RPI), ...

Corporation tax

Corporation tax Immediate changes  Corporation tax rates All corporation tax rates are harmonised at 20% with effect from 1 April 2015, with the exception of rates for ring fence tr...

HMRC reaffirm income tax charge on winding up

HMRC reaffirm income tax charge on winding up HMRC have published Spotlight 47, which provides guidance on tax avoidance schemes that try to avoid the income tax charge on distributions when a ...

Dividend Allowance

Dividend Allowance Many family-owned companies allocate dividends towards the end of their financial year and/or the tax year, which means that the impact of the reduction in the dividend ...

Avoid Property Trading Tax

Avoid Property Trading Tax Some people regularly purchase run-down houses, do them up and sell them on. If you do this as part of your building/property development business, the profits made o...


Summary Chancellor George Osborne has delivered the first Budget by a wholly Conservative government in almost 20 years. The March 2015 Budget provided some clues as to possible new measures an...


Dividends The dividend tax credit (which reduces the amount of tax paid on income from shares) is to be replaced with a new £5,000 tax-free dividend allowance for all taxpayers from April...

Spring Budget 2021 - Inheritance Tax

Inheritance Tax The tax rates and nil rate band for Inheritance Tax purposes remains the same until April 2026.   The nil rate band will remain at £325,000 and the residence ...

Budget Update - Individuals

Budget Update - Individuals   Personal Allowances These allowances represent the amount of an individual's income in the tax year that is not subject to income tax. Some people...

March Budget - Individual

March Budget - Individual Personal Allowances The standard personal allowance will rise to £10,500 from 6 April 2015. The age related allowances are gradually falling in line with age-r...

Company vans update

A charge of income tax will generally arise if a company van is made available, by reason of employment, to an employee or a member of their family or household. It must be made available without a...
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