Changes in Dividend Allowances
From 6 April 2018 there are significant changes to the tax free Dividend Allowances. Currently the tax free Dividend allowance is £5,000 in the 18/19 tax year, ie from...
I am a contractor do I need a pension scheme?
This is a question we often get asked, I am a contractor am I required to set up a pension scheme? It is now a legal requirement for all employees to have a workplace...
Have you done your 16/17 personal tax return?
The early birds will now be thinking (or may already have completed) their 16/17 personal tax returns, which cover the period 6/4/16 – 5/4/17, the deadline for...
Genuine HMRC correspondence?
HMRC have a couple of useful links which explains how HMRC will contact customers and examples of scams as well as a list of bogus email addresses....
The end of the personal tax year is approaching.
At this stage in the tax year you should take some time to review the amount of income (salary and dividends) which has already been drawn from your company in the...
Tackling tax fraud
The House of Commons public accounts committee has launched an inquiry on the 18 December 15 on ‘Tackling Tax Fraud, how HMRC responds to tax evasion: the hidden...
What is the future for personal tax returns?
Autumn is now upon us and the nights are drawing in, people are starting to think about completing their 2014/15 personal tax returns which now must be submitted...
Problems with advanced payment notices?
One of the most controversial pieces of tax legislation for many years is the Governments Advanced Payment Notices (APN) which now form a major part of the Governments...
Tax investigation?
HMRC have been tasked by the Government with collecting at least another £5bn, which they aim to do by targeting tax evasion and avoidance . The logical outcome of...
Tax traps for the unwary
I was talking to a new contractor client this week, who has just gone from being a full time employee with over 20 years service, to becoming a full time contractor....
