By Tom Maxwell In Blog, Treasury UpdatesPosted 16/03/2016 Budget 2016 – Stamp Duty Land Tax Stamp Duty Land Tax (SDLT) – additional properties As previously announced, the government will introduce higher rates of SDLT on purchases of additional residential properties from 1 April [...] 0 Read More
By Tom Maxwell In Blog, Treasury UpdatesPosted 16/03/2016 Budget 2016 – Corporation Tax Loans to participators The loans to participators rules aim to prevent owners of close companies avoiding Income Tax and National Insurance contributions by remunerating themselves through loans [...] 0 Read More
By Tom Maxwell In Blog, Treasury UpdatesPosted 16/03/2016 Budget 2016 – Personal Tax The Personal Allowance will increase to £11,500, and the higher rate threshold will rise to £45,000 in April 2017 The Personal Allowance is the amount of income you can earn before you start [...] 0 Read More
By Tom Maxwell In Blog, Treasury UpdatesPosted 16/03/2016 Budget 2016 – Capital Gains Tax Capital Gains Tax (CGT) Cuts to Capital Gains tax rates from 6 April 2016 but residential property still taxed at current rates From 6 April 2016, the rates of capital gains tax suffered by [...] 0 Read More
By Tom Maxwell In Blog, Treasury UpdatesPosted 16/03/2016 Budget 2016 – Other notable announcements Soft drinks industry levy A new soft drinks industry levy is set to be introduced from April 2018. This will be paid by producers and importers of soft drinks that contain added sugar, but there [...] 0 Read More
By Tom Maxwell In Blog, Treasury UpdatesPosted 16/03/2016 Budget 2016 – Business Rates Welcome cuts to business rates for small businesses From April 2017, small businesses that occupy property with a rateable value of £12,000 or less will pay no business rates. Currently this full [...] 0 Read More
By Tom Maxwell In BlogPosted 10/03/2016 Auto enrolment – should I panic yet? The Governments’ Pension Reforms continue to have a significant impact on employers as small employers are, for the first time, having to automatically enrol eligible employees into Workplace [...] 0 Read More
By Tom Maxwell In BlogPosted 03/03/2016 Newark picture framer expands and relocates Craftsman Philip Stephenson is in the frame for a relocation move and further expansion. Rising demand for the framer’s services is driving the business forward and we are delighted to [...] 0 Read More
By Tom Maxwell In BlogPosted 25/02/2016 Payroll legislative changes – effective 1 April 2016 From 1 April 2016 there are a number of important legislative changes that will affect your payroll. The National Living Wage becomes law, with any workers aged 25 or over being legally entitled [...] 0 Read More
By Tom Maxwell In BlogPosted 12/02/2016 Spring cleaning or Tax Planning? If you are just congratulating yourself for having filed your 2014/15 return on time, and planning to forget about tax for another year, then please pause for a moment to read this article. 0 Read More