Date What’s Due 1/05 Corporation tax for year to 31/07/16 (unless quarterly payments apply) 19/05 PAYE & NIC deductions, and CIS return and tax, for month to 5/5/17 (due 22/05 if you
The £5,000 dividend and savings allowance of up to £1,000 have been with us since 6 April 2016. There are now two further allowances available since 6 April 2017. There are concerns
Farmers and other landowners will often be approached by developers seeking to obtain planning permission to build on the land. Great care is needed to avoid unnecessary tax charges on the transaction.
For deaths on or after 6 April 2017 there is now an additional £100,000 inheritance tax (IHT) allowance where the family home is passed on to direct descendants. This was originally announced
The new VAT flat rate of 16.5% started to apply from 1 April 2017 for “limited cost traders”. A "limited cost trader" is one using the VAT flat rate scheme but
Ever since the introduction of the 7.5% increase in the rate of tax on dividends in April 2016, it has been more tax efficient for owner managed business shareholders to pay interest
The introduction of the £5,000 tax free dividend allowance has tempted many family company shareholders to give shares to other family members so that they can be paid £5,000 a year tax
In his first Budget on 8th March, the new Chancellor Phillip Hammond announced that he would level the playing field between employees and the self-employed by increasing Class 4 National Insurance Contributions
Date What’s Due 01/04 Corporation tax for year to 30/06/2016 06/04 2017/18 tax year begins 19/04 Final RTI FPS due by this date. Indicate that this is Final Submission for the Tax
As mentioned earlier, the VAT registration limit increases by £2,000 to £85,000 from 1 April 2017. At the same time the de-registration limit increases to £83,000.
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