• SMEs urged to claim broadband vouchers

    SMEs urged to claim broadband vouchers

    The Government is urging SMEs make use of a scheme that can earn them a £2,500 voucher towards the installation of fibre optic broadband.Read More
  • HMRC Important filing deadlines

    HMRC Important filing deadlines

    Important Deadlines for individuals, self-employed and CIS subcontractors Individuals, sole traders and CIS subcontractors Filing deadline Second payment on account for 2016/17 tax year 31 July 2017 Deadline to advise HMRC that you need to register for self-assessment for the …Read More
  • What expenses can I claim as a contractor working through my own Ltd company?

    What expenses can I claim as a contractor working through my own Ltd company?

    In simple terms, expense is the money spent by an organisation for the purpose of business. In accounting, an expense is an outflow of cash or other asset of value incurred during a particular accounting period. As a limited company …Read More
  • Flat Rate VAT Scheme and Limited Cost Traders

    Flat Rate VAT Scheme and Limited Cost Traders

    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 turnover Greater than 2% of your VAT flat rate turnover but less than £1,000 per …Read More
  • National Insurance Contribution Rates for the tax year 2017/18

    National Insurance Contribution Rates for the tax year 2017/18

    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 Weekly secondary threshold (ST) 157 156 Upper earnings limit (UEL) 866 827 Upper profits limit …Read More
  • Tax Rates and thresholds for the tax year 2017/18

    Tax Rates and thresholds for the tax year 2017/18

    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 0% 0% Dividend ordinary rate (effective rate with tax credit) 7.5% 0% Dividend higher rate …Read More
  • VAT Flat Rate Scheme changes from April 2017

    VAT Flat Rate Scheme changes from April 2017

    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 defined as people who incur costs on goods in a return period of: Less than …Read More
  • Buy To Let Bring Record Receipts For April

    Buy To Let Bring Record Receipts For April

    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 raised from 173,430 property transactions in March.Read More
  • Auto-Enrolment

    Auto-Enrolment

    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 a six-year period, and is phased depending on the size of the employer. Minimum contributions …Read More
  • Taxable Income bands and corresponding rates

    Taxable Income bands and corresponding rates

    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 0% 0% Dividend ordinary rate (effective rate with tax credit) 0% 0% Dividend higher rate …Read More
  • UK Votes to leave the EU

    UK Votes to leave the EU

    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 the UK, in terms of trade, tax and investment, both with regards to its relationship …Read More