Corporation tax Financial year to 31/03/2021 31/03/2020 Rate 19% 19% Stamp taxes Shares and marketable securities 0.5%³ Transfers of land and buildings₄ Residential (on band...
Tax Data Guide 2020/21 (Income tax allowances,...
- Business, Income Tax, Inheritance Tax, Tax,
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Income tax allowances Rates 2020/21 2019/20 Personal allowance £12,500 £12,500 Income limit £100,000 £100,000 Transferable marriage allowance £1,250 £1,250 Married couple’s allowance (relief at 10%)...
Payment of Dividends – Practical issues for...
- Business, Dividends,
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The below article will provide some guidance on the procedures and some practical issues involved in making dividend payments by the directors of small limited...
Changes to capital gains tax payment for...
- Capital Gain, disposal of residential property, uncategorized,
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Changes to capital gains tax payment for UK property sales The deadlines for paying Capital Gains Tax after selling a residential property in the UK...
HMRC new guide for the non-UK resident...
- Business, HMRC,
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From 6 April 2020, Non-UK resident companies including those who invest in UK property through collective investment vehicles will pay Corporation Tax instead of Income...
Changes in the rules in relation to...
- Capital Gain, disposal of residential property, HMRC,
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From 6 April 2020 UK residents who sell a residential property that gives rise to a capital gains tax (CGT) liability must send a new...
European Union agrees minimum rights for gig...
- Business, Small Business, SMEs,
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The European Union has announced an agreement on minimum rights for workers who are in casual or short term employment within the gig economy. (more…)
Government announce further support for UK businesses
- Business,
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The Government has announced a further wave of financial support for UK businesses in a bid to ensure that innovative firms are able to access...
Government names and shames high street giant...
- Business, SMEs,
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The Government’s Small Business Commissioner Paul Uppal has named and shamed high street health food giant Holland & Barrett over their payment practices. (more…)
Government launches consultation on tackling SME R&D...
- Business, Small Business, SMEs,
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The Government has launched a consultation on changes to research and development (R&D) tax credits which are intended to prevent businesses from abusing the scheme...
Barclays announce £14 billion funding to support...
- Brexit, Business, Small Business, SMEs,
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Barclays bank has announced plans for a major lending fund worth £14 billion pounds, which will help small and medium enterprises (SMEs) to flourish once...
HMRC reveals MTD registration takes seven working...
- Business, HMRC, Small Business, SMEs, Tax,
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HM Revenue & Customs (HMRC) has warned that registration for Making Tax Digital (MTD) for VAT will take up to seven days to complete and...
