From 6 April 2016, if you employ an apprentice you may not need to pay employer Class 1 National Insurance contributions.
This is our tax data sheet for 2016/17
Non-UK domiciled individuals resident in the UK who are claiming the remittance basis of taxation of non-UK income/gains and are looking for investment opportunities in the UK may want to consider the reliefs available to them under business investment relief and the Enterprise Investment Scheme (EIS)
Have you thought about the impact of the Summer Budget regarding dividends income from 6th April 2016?
Fuller Spurling has strengthened its tax function by the recent appointment of Colin Murrell CTA. Colin will be working closely with Patrick Hope and the other partners and staff.
The 2015 Summer Budget had some unexpected changes especially for small business owners. There were some winners and some losers as might have been expected, this note details some of the good news and the bad news – unfortunately there was more bad news than good.
Some Inheritance Tax liability is avoidable by careful early planning and just as important is the risk that if you do survive a partner that you may not have enough remaining funds to enable you to enjoy the remainder of your lifetime in the manner that you would wish.
A timely reminder to contact your IFA and taking advantage of the tax reliefs that are available.
Recently we were asked about we could help a client with a second property rental. The following is a summary of some of the costs involved in having a rental property and an case study of how we advised a client about their capital gains tax liability.
The due payment date for any balance of tax for the year 2013/14 of 31st January 2015 has now passed, so interest is already accruing on any amounts due.
Our clients, a married couple, were each subject to an enquiry by HM Revenue & Customs and both enquiries related to Tax Returns for 3 tax years. Luckily they were in our Tax Enquiry Fee Protection Service.
We are now well into the second year under the new RTI regulations and electronic filing of payroll information. The first year saw a relaxed approach by HM Revenue and Customs for small employers (those with fewer than 50 employees). However, the situation is now changing for many businesses and it is likely that HM Revenue & Customs will be collecting significant sums in penalties unless your procedures produce timely information.