A business is a limited cost trader if its VAT inclusive expenditures on relevant goods is either: Less than 2% of your VAT Flat rate...
National Insurance Contribution Rates for the tax...
- Capital Gain, Income Tax, Small Business,
- comments: 0
National Insurance Contribution Thresholds 2017/18 £ per week 2016/17 £ per week Weekly lower earnings limit (LEL) 113 112 Weekly primary threshold (PT) 157 155...
Tax Rates and thresholds for the tax...
- Contractors, Small Business,
- comments: 0
Taxable Income bands and corresponding rates 2017/18 2016/17 Basic rate 20% 20% Higher rate 40% 40% Additional rate 45% 45% Starting rate of saving income...
VAT Flat Rate Scheme changes from April...
- Contractors, Freelancers, Small Business,
- comments: 0
The autumn statement included the decision to introduce a new flat rate of 16.5% for ‘Limited Cost Traders’ (LCTs) from 1 April 2017. These are...
Buy To Let Bring Record Receipts For...
- Freelancers, Small Business,
- comments: 0
April saw the highest level of stamp duty land tax (SDLT) recorded for a single month, according to statistics released by HMRC. Nearly £1.2bn was...
Auto-Enrolment
- Freelancers, Small Business,
- comments: 0
If you are an employer you are now legally required to enroll your eligible employees into a qualifying pension scheme. This reform is staged over...
Taxable Income bands and corresponding rates
- Contractors, Small Business,
- comments: 0
Taxable Income bands and corresponding rates 2015/16 2016/17 Basic rate 20% 20% Higher rate 40% 40% Additional rate 45% 45% Starting rate of saving income...
UK Votes to leave the EU
- Small Business,
- comments: 0
The move will not have immediate legal and tax consequences for multinationals with UK operations. In longer term however, the landscape may change significantly for...
