6 April 2017 – attention landlords
It was almost two years ago in the Summer Budget 2015 that the then Chancellor, George Osborne, announced restrictions to income tax relief for interest costs incurred by landlords of […]
Marriage allowance – now worth £432 for many people
It is now over two years since the Marriage Allowance was introduced and perhaps it is no surprise to learn that most people who are eligible have not claimed the […]
Planning for the reduction in the Dividend Allowance
We are used to tax reliefs being changed when a new government comes into power but it is more unusual to see a tax relief being created and then severely […]
Making Tax Digital
Starting in April 2018, the government intends to implement major plans to modernise the tax administration system by introducing digital services for tax. This Briefing looks at the key changes […]
Don’t ERr in your claim
Entrepreneurs’ Relief (ER) has been with us for many years and provides a valuable relief – only a 10% rate of capital gains tax on lifetime gains of up to £10 […]
Some good news for companies
There was some welcome news from Philip Hammond’s Autumn Statement for small and medium sized companies regarding the tax relief available if a company makes a loss. Historically, corporation tax […]
Venture Capital Trusts – over 20 years in the making
Venture Capital Trusts (VCTs) were introduced as a tax relief in 1995. VCTs invest in small companies and there are various constraints on the type of company into which a […]
Employment Allowance restriction
From 6 April 2016, limited companies where the sole director is the only employee paid earnings above the Secondary Threshold (ST) for Class 1 NICs of £156 a week, are […]
Salary sacrifice
From 6 April 2017 the government will limit the income tax and employer NICs advantages where: benefits in kind are offered through salary sacrifice or where the employee can choose […]
Workplace Pensions – don’t get caught out
Under pensions auto enrolment employers are obliged to enrol eligible jobholders in a qualifying pension scheme and make pension contributions on their behalf from the employer’s staging date. Workers are […]
