We are proud to announce that Martax Accountants has achieved Gold partner status with the leading cloud-based accounting software, Xero. We are one of the...
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...
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%)...
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...
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 job retention scheme? ‘Furloughed’ is a term more frequently used in the USA where it means a temporary...
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 UK property sales The deadlines for paying Capital Gains Tax after selling a residential property in the UK...
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...
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...
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…)
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...
