by admin | Mar 29, 2018 | Accountancy, Business, Self Employed, Tax, Tax Planning
If you operate your own UK limited company as a small business owner, you’ll often want to use the tax planning strategy of extracting money from your company through a combination of dividends and a low salary to ensure you optimise your tax. But what is the best...
by admin | Mar 20, 2018 | Tax, Tax Planning
In February, the ATT responded to the government’s call for evidence on rent-a-room relief. The use of rent-a-room relief has increased in recent years, and the call for evidence (the call) was issued to find out more about: The current use of the relief Whether the...
by admin | Dec 4, 2017 | Business, Capital Gains, Self Employed, Tax, Tax Planning
Things to consider….. Corporate Gains. Legislation is to be introduced to freeze the indexation allowance when computing the chargeable gains of companies. Indexation allowance for disposals which occur on or after 1 January 2018 will be computed by...
by admin | Nov 24, 2017 | Making Tax Digital, Self Employed, Tax, Tax Planning, The Budget, VAT
VAT To the relief of many there will be no immediate reduction to the VAT registration threshold although it will remain frozen at £85,000 for two years. The government will keep this issue under review, they will consult on the design of the threshold and consider...
by admin | Oct 2, 2017 | Accountancy, Business, Self Employed, Tax, Tax Planning
The current regime for taxing dividends has been in place since 6 April 2016. Under the rules, all taxpayers, regardless of the rate at which they pay tax, are eligible for a ‘dividend allowance’. Although termed an ‘allowance’, in reality the dividend allowance is a...
by admin | Jul 14, 2017 | Business, Making Tax Digital, Tax, Tax Planning, VAT
Making Tax Digital delayed to 2020 at the earliest for taxes other than VAT Heeding concerns across the accounting spectrum, the government has amended the timetable and implementation intakes of Making Tax Digital (MTD). Under the reformed timetable, only...