“Rent A Room” Limit Increased To £7,500
on 1 August 2015
with No Comments
The current £4,250 limit for tax free rental income from lodgers is to be increased to £7,500 from 6 April … Read More
Buy To Let Landlords – Interest Relief To Be Restricted To Basic Rate
on 1 August 2015
with No Comments
The Chancellor announced that the amount of income tax relief landlords can get on residential property finance costs (such as … Read More
Annual Investment Allowance Set Permanantly At £200,000
on 1 August 2015
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The annual investment allowance (AIA) was due to be reduced from the current temporary level of £500,000 to just £25,000 … Read More
Corporate Tax Rate To Be Cut To 18%
on 1 August 2015
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The current UK corporation tax rate of 20% is the lowest rate in the G20, the 20 major trading nations. … Read More
New “National Living Wage” Tax Credit Changes
on 1 August 2015
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The most radical announcement by the Chancellor on 8th July was a significant reduction in the amount the government plans … Read More
Scam emails
on 10 July 2015
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Always be suspicious of any email mentioning a refund from a “tax credit office agent”. Look out for links to … Read More
Dividend Tax – Summer Budget 2015
on 9 July 2015
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From April 2016 Dividend Tax Allowance of £5,000 a year meaning that the first £5000 of dividends received will not … Read More
Online booking system
on 6 April 2015
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If you like Timely, our online appointment booking system, and think that you could make good use of it in … Read More
Marriage Allowance transfer
on 25 February 2015
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From 6 April 2015, spouses and civil partners can transfer up to £1,060 of their personal allowance to each other … Read More
High income child benefit charge
on 23 October 2014
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Child benefit started to be taxed from 9 January 2013, but only in cases where the claimant or their partner … Read More