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The taxable turnover threshold, that determines whether businesses should be registered for VAT, will increase from £83,000 to £85,000 from 1 April 2017. The taxable turnover threshold that determines
The new dividend tax allowance was introduced in April 2016. The new allowance replaced the dividend tax credit with an annual £5,000 dividend allowance with tax payable on dividends received in
The introduction of Making Tax Digital (MTD) will fundamentally change the way businesses, the self-employed and landlords interact with HMRC. The introduction of MTD was first announced as part of
The Chancellor’s first Budget was a reasonable quiet affair against the backdrop of the Brexit negotiations. The Chancellor also has the opportunity for a second Budget later in the year as we move to
From April 2017, the rules for individuals providing services to the public sector via an intermediary such as a personal service company (PSC) will change. The new rules will shift the
It is now less than one month until there are major changes to the way Vehicle Excise Duty (VED) is calculated. Under the current VED rules any cars emitting less than 100g/km CO2 are exempt from the
As part of the Budget measures the Chancellor announced that the duty rates on beers, ciders, spirits and wine and will be increased by RPI inflation from 13 March 2017. These measures will typically
Budget Statement 8 March 2017 Pundits are mixed in their interpretation of the prospects for the UK economy as we approach the formal Brexit disengagement. They are keen to see encouragement for
The government has announced that over £19 billion of the £20.3 billion invested in Lloyds during the financial crisis has been recovered. The publication of these figures follows the sale of the
The SA302 tax calculation and tax year overview documents are commonly used as evidence of income for loan or mortgage purposes for the self-employed. The forms have become more widely used since the