Under current arrangements, basic rate taxpayers pay no tax on dividends received. Higher and additional rate tax payers pay tax at 25% and 30.55% respectively. However in the Summer Budget on 8 July, Chancellor George Osborne announced that from April 2016, the existing system would be replaced. Under this new…
‘The cloud’ is another term for ‘the internet’. Cloud computing refers to the practice of accessing data or programs over the internet, instead of using your hard drive or office server. Cloud accounting software is software that can be accessed online. Traditional small business accounting programs require installation and can…
There is no doubt that with the Rugby World Cup currently in full swing Rugby fever has gripped the nation and you cannot open a newspaper or switch on the Radio or Television without being overwhelmed by some obscure reference to an act or combination of events in a Rugby…
In the Summer 2015 Budget the government announced that HMRC would start a dialogue with businesses on how to improve the effectiveness of the existing intermediaries legislation. HMRC will engage with stakeholders over the next few months to explore options to make the legislation more effective in protecting the Exchequer…
HMRC have updated their guidance on employees’ travel and subsistence in booklet 490, available on the Gov.uk website. The publication provides numerous examples illustrating which journeys do and do not qualify as business journeys and are eligible for tax relief. No tax relief is available for ordinary commuting or private…
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues. We hope you enjoy reading the newsletter; remember, we are here to help you so please contact us if you need further information on any of the topics covered. Best Wishes, Matt Morris TAX…