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Proposed new stamp duty surcharge

The Government is consulting on a new stamp duty surcharge for homebuyers who are not resident in the UK. Ministers have said they recognise the domino effect caused by non-UK residents purchasing homes and driving house prices up for buyers in England and Northern Ireland. According to figures from the Land Registry,

Auto-enrolment milestone

More than 10 million people have been brought into workplace pension saving through auto-enrolment, figures published by The Pensions Regulator show. As of 31 January 2019, 10.003m people were automatically enrolled into a pension scheme, leading Amber Rudd, Secretary of State for Work and Pensions, to call auto-enrolment “an extraordinary success

Grant funding

Whether you are running a cafe, operating a business from home, or perhaps looking to scale up, you will need funds to establish and grow your company. Depending on the type of business, this requirement may vary from a few hundred pounds to multiple thousands. It is helpful to know

Tax Dates – 4 Business guide to tax dates 2019/20

Accounts Unless filing the company’s first accounts, submission deadlines are normally: 9 months from the accounting reference date for a private company 6 months from the accounting reference date for a public company Confirmation statement  Due date is usually a year after either: the date your company incorporated the date you filed

Tax Rates – 4 Business guide to various tax rates 2019/20

Income tax allowances Personal allowance 12,500 Income limit for personal allowance 100,000 Marriage allowance 1,250 Married couple’s allowance 8,915 Trading allowance 1,000 Property income allowance 1,000 Dividend allowance 2,000 Personal savings allowances for: Basic rate taxpayers 1,000 Higher rate taxpayers 500 Income tax bands Basic rate 0 - 37,500 Higher rate 37,501 - 150,000 Additional rate 150,000 + Income tax rates Basic rate 20% Higher

Budget 2018

The Chancellor of the Exchequer presented his Budget to Parliament on Monday 29 October 2018 with a somewhat rosier forecast as to the financial position of UK plc. From a personal tax perspective, individuals will benefit from increases in both the personal allowance, to £12,500, and the higher rate PAYE threshold,

Brexit and Employment Law

With the possibility of Brexit growing ever closer, concerns are growing over what the impact will be on employment law in the UK if and when we leave the European Union. Whilst at this stage nothing is set in stone, the government has published a White Paper which provides some

Making Tax Digital for VAT

Making Tax Digital (MTD) for VAT will shortly be rolled out by HMRC. Businesses whose taxable turnover exceeds the VAT registration threshold will need to keep their records digitally, using MTD compliant software, which produces the VAT return directly from that software, for return periods starting on or after 1

Are you ready for Making Tax Digital (MTD) for VAT?

From 1 April 2019, VAT registered businesses with turnover above the VAT registration threshold (currently £85,000) will be required to keep digital records and submit their VAT returns via the Making Tax Digital system (MTD). VAT registered businesses with turnover below the registration threshold will not be required to use

Pensions, a less taxing way

I have written several articles about Pensions following the dramatic changes Pensions Freedoms have made. To recap personal pensions are now much more simple, and very flexible long-term savings accounts. The only limitation for most is that they can’t currently be accessed until age 55, but if you could access

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