2017 Budget Headlines

March 2017 saw the Chancellor deliver his last spring budget announcement, with the new Autumn Budget set to be delivered in November 2017. Announcements were tempered by the continuing theme of “slow and steady”, although a rapid U turn was performed just days after the budget when the proposed National Insurance rises were scrapped. Initially it was […]

Making Tax Digital

We have heard many viewpoints and pronouncements from all parties with an interest in this subject, ever since it was first announced by the Chancellor back in Autumn 2015. The basic premise of the scheme is that the government would like all businesses with net income of over £10,000  to report their income on a quarterly basis […]

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2016 budget headlines

The Chancellor of the Exchequer delivered his budget on 16 March 2016. We will summarise below some of the main changes which have been made to taxation for individuals and small businesses. If you have specific questions or concerns regarding any of the changes in the budget and how they will affect your own circumstances […]

Dividend Taxation

The taxation of dividends was radically altered by the government during it’s July 2015 budget, with the  changes having significant impact on certain groups of tax payers. These changes will become active from 6 April 2016 and below we consider the impact on private investors with substantial dividend income and small company owner managed businesses. From […]

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Class 2 National Insurance Contributions

You should now have noticed that your Direct Debits to HMRC for Class 2 National  Insurance (NIC) have stopped. This is because HMRC now intend to collect Class 2 National Insurance alongside Class 4 NIC’s with your Self Assessment Tax liability.  Class 2 NIC’s for the 2015/16 tax year will be collected via Self Assessment from […]