Another important announcement in the March Budget was the proposed relaxation in the rules for setting off a company's losses against the profits of future periods. These proposed changes that will allow
Date What’s Due 1 September Corporation tax for year to 30/11/15 19 September PAYE & NIC deductions, and CIS return and tax, for month to 5/9/16 (due 22 September if you pay
One of the anti-avoidance measures being introduced by the latest Finance Bill potentially changes the way that certain payments to shareholders will be taxed. This may result in payments following some company
Despite the new dividend rules and the possible introduction of a new "look-though" entity many unincorporated businesses are still considering trading as a limited company. It is also important to consider the
As set out in this month’s tax diary, individuals are required to notify HMRC by 5 October 2016 if they are not within Self-Assessment and receive income or gains on which tax
One of the main reasons that individuals voted "leave" was to restore fiscal sovereignty to the UK so that we are able to set our own laws, in particular tax law, without
VAT is a European tax. Withdrawal from the EU means that UK VAT law will no longer be governed by the EU VAT Directive. In Budget 2016 it was announced that VAT
This potentially has a major impact and very much depends on the negotiation of a Free Trade Agreement (“FTA”) with the EU. Without an FTA, the normal WTO tariffs apply. For example,
Tax diary: All the main tax events for August / September 2016 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months
George Osborne, a leading member of the “remain” campaign, pledged to cut corporation tax to encourage investment in the UK in response to the referendum result. In an interview with the Financial
Portfolio
