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We are committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.
Please contact us for advice on your own specific circumstances. We’re here to help!
- Dividend Allowance
- CIOT examines new corporate offence proposals
- FB 2016 amendment on OTS appointments proposed
- EU consultation on ending VAT on eBooks
- September Questions and answers
- September Key Tax Dates
Legislation included in Finance Bill 2016 implements the new 0% rate for dividend income, as well as changing the rates of tax for dividend income. Once enacted, the changes will apply from 6 April 2016. Broadly, the new nil rate applies to the first £5,000 of a person’s dividend income and is available annually.
CIOT examines new corporate offence proposals
The Chartered Institute of Taxation (CIOT) has recently expressed its concerns that the new corporate offence of failure to prevent the criminal facilitation of tax evasion may lead to a string of prosecutions in relatively small cases where civil penalties can already provide enough punishment.
FB 2016 amendment on OTS appointments proposed
The chairman of the Treasury Select Committee, Rt Hon. Andrew Tyrie MP, recently wrote to the Chancellor of the Exchequer, Rt Hon. Philip Hammond MP, to inform him that the Committee disagrees.
EU consultation on ending VAT on eBooks
The future of the chargeable rate of VAT on digital publications and eBooks is under review as the European Commission (EC) has launched a two-month consultation with a view to abolishing the current full rate VAT.
September Questions and answers
Q. I have recently changed jobs and need to use my car to make business journeys. Will I have to pay tax on the mileage expenses my employer reimburses me for these trips?
Q. When do I need to register for VAT?
Q. How can I make a complaint about a recent HMRC PAYE compliance check at my business premises?
September Key Tax Dates
19/22 – PAYE/NIC, student loan and CIS deductions due for month to 5/9/2016
30 -Closing date to claim Small Business Rate Relief for 2015/16 in England
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