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%)...
Self employed income support scheme (SEISS)
- Business, Small Business,
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The self-employed income support scheme (SEISS) will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of...
Claim for your employees’ wages through the...
- Business, Wages,
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On March 2020, the government announced measures to protect employers and employees under the coronavirus job retention scheme. Under this scheme, all UK employers will...
Who are ‘furloughed employees’ under HMRC coronavirus...
- Business,
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Who are ‘furloughed employees’ under HMRC coronavirus job retention scheme? ‘Furloughed’ is a term more frequently used in the USA where it means a temporary...
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...
Changes to IR35 rules from April 2020
- Business, Contractors, Freelancers,
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HMRC has provided a list of how to prepare for the changes of the off-payroll working rules starting from 6 April 2020 that will help...
