Delays to income tax repayments
The UK tax system is under attack from fraudsters who attempt to register numerous people for self assessment then submit false repayment claims.
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Increases in income tax
The tax payable on dividends is set to rise from 7.5% to 8.75% for basic rate taxpayers from 6th April 2022. Higher rate taxpayers will pay 33.75% on dividends and additional rate taxpayers must budget for dividend tax of 39.35%. These rates will apply to all dividends taken from all companies where the total dividend…
What is Gross Payment Status CIS?
Under the Construction Industry Scheme there are essentially 3 payment statuses. A payment status dictates how a subcontractor is paid;
Covid:19 Income Tax Deferrals
Read this blog post to find out about income tax deferrals introduced to help businesses from the ongoing coronavirus pandemic.
Exempt transfers for IHT
Some transfers of value are exempt from IHT and this article aims to highlight these. Read on to find out more.
Is it a reimbursement or disbursement?
Understanding the difference between a reimbursement and disbursement is imperative to get the VAT treatment correct.
Running a Limited company after state pension age?
The state pension was introduced in 1948. This is important as it is the earliest date you can claim your state pension and it depends on your date of birth.
How to win Making Tax Digital (MTD) exemption
From April 2019, the majority of small businesses must now have fully digital record keeping. This piece discusses the key points of ‘Making Tax Digital’ and how it will affect taxpayers.