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Articles in category: Tax

Lettings Relief & Private Residence Relief changes

Do you have a rental property? Are you thinking of selling? Did you know changes to Private Residence Relief (PPR) and Lettings Relief are being brought in by HMRC from 6th April 2020? When you sell a property for a profit you could be liable for Capital Gains Tax on any gains made at 18/28%, […]

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Could Tax-Free Childcare help you?

For many working parents, childcare costs can eat up a large chunk of the family budget and play a significant role when planning a return to work and deciding working hours. However,  help is at hand with Tax-Free childcare, which is a government scheme to support working parents with the cost of childcare. Entitled parents […]

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Useful tips for the tax year end!

As the 2018/2019 tax year end approaches, have you thought about doing some last-minute tax planning that could save you money? Here are a few simple tips to help with your tax planning: Dividends If you haven’t already, pay yourself dividends to use up the dividend allowance. Companies with adequate retained profits should contemplate paying […]

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Chancellor confirmed IR35 legislation change for the private sector!

From April 2020, it was verified that contractors working for private businesses will now contribute more to higher tax and national insurance. IR35 legislation first came into force in April 2000. It is an anti-avoidance tax legislation devised to challenge ‘disguised employment.’ In other words, the law generally tackles those people who provide their services […]

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The 2018 Autumn Budget at a glance!

Yesterday, after 72 minutes of continuous talking, Philip Hammond delivered his third speech of the Autumn Budget 2018 as Chancellor, highlighting many key points that will affect you and your business. Here is a quick glance of some of the changes that were announced:  From April 2019, Personal Tax Allowance will rise to £12,500 from […]

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If you have used disguised remuneration schemes is this you?

Settle your tax affairs before loan charges come into effect in April 2019! If you have used disguised remuneration tax avoidance schemes involving the use of loans, you will need to be aware that from 6 April 2019 new legislation comes into effect meaning that all loans outstanding at 5 April are swept up and […]

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Is my company eligible for an R&D tax claim?

If you’re wondering whether your business is eligible for an R&D tax claim, then take one step further and find out… Our dedicated R&D Tax Team have over five years of experience in providing professional and exceptional Tax Relief services to many clients and accountancy practices. Our consultants have a superb working relationship with the […]

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Changes to Minimum Pension Contributions from April 2018

Under the Pensions Act 2008, the minimum amount an employer must pay into auto-enrolment pension schemes will increase over the next two years, with minimum contributions initially rising effective from 6th April 2018 and further increases outlined from 6th April 2019. In recent times, and up until 6th April 2018, the minimum contribution has been […]

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