Broadly IR35 (the Intermediaries Legislation) requires personal service companies (usually single person company) to pay the director a salary of … Read More
From 6 April 2017 trading income or property income less than £1,000 in a tax year will no longer be … Read More
From April 2016 there will be 2 student loan plan types known as Plan 1 and Plan 2. Each … Read More
As announced in 2015 and 2016 budgets, Personal Allowances and the Basic Rate Band will increase from 6 April 2016 … Read More
The current £15,240 ISA limit is frozen for 2016/17. The Junior ISA limit remains at £4,080 for 2016/17. The Chancellor … Read More
Despite widespread predictions in the media and tax press, there has not been further restrictions in tax relief on pensions … Read More
LISAs or Lifetime Individual Savings Accounts will be available from 6 April 2017. These will allow up to £4,000 to … Read More
Changes in the taxation of interest from 6 April 2016. Basic rate tax payer – first £1,000 of interest … Read More
As discussed in other posts, from 6 April 2016 dividends will attract an additional 7.5% tax on top of taxes … Read More
HMRC have said that by April 2016 all individual tax payers will be able to access their personal tax accounts … Read More