More recent posts
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A pain in the annexe!
If you have acquired a residential property with an annexe since 1 April 2016 (or are in the process of so-doing), the correct level of Stamp Duty Land…
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Automatic enrolment is a continuing responsibility for employers
An employer’s duties do not end after their stage date. Employers will need to: Pay regular contributions into the pension scheme Monitor the age and earnings of their…
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ATOL Reporting Accountants – New Rules
From 1 April 2016 all ATOL holders are required to use a registered ATOL Reporting Accountant to sign off the Accountants Report. The CAA (Civil Aviation Authority) has…
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Pensions regulator to list GPPs open to all employers
The Pensions Regulator (TPR) is going to publish a list of group personal pensions (GPPs) open to any employers seeking to comply with their automatic enrolment duties. TPR…
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New National Living Wage
From 5 April 2016 workers in the UK aged 25 and over are entitled to earn a minimum of £7.20 per hour under the National Living Wage legislation. …
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Trusts and Estates – Tax Returns for 2016/2017
Currently many small trusts do not have to file a self assessment tax return with HMRC. The new rules for banks and building societies to pay interest gross…
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Personal Savings Allowance – earn up to £1,000 savings interest tax-free
Millions of people will escape having to pay tax on savings interest from today, thanks to the Personal Savings Allowance (PSA). Basic rate taxpayers will have a PSA…
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Reform of the wear and tear allowance
From 6 April 2016 property landlords will no longer be able to claim the wear and tear allowance in calculating their taxable profits from the rental of furnished…
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Budget 2016
George Osborne’s 2016 Budget was delivered with the now familiar undertones of stability, sustainability and long term prosperity. Headlined as the “Budget for the next generation”, private businesses…