What’s your ideal salary? Could you now be non-resident for Stamp Duty? Has your Government Gateway ID been scammed? What are the recent tax changes and how do they affect me? These and other questions addressed in our March 2021 Fuller Spurling Tax Briefing. Click a heading below to jump straight to that topic, or […]
Corporation tax changes, super deductions, MTD penalties, frozen bands… Our 2021 budget tax briefing explains all
How does the March 2021 budget affect you or your company? Fuller Spurling’s tax briefing covering the March 2021 budget – with guidance and information covering all the below areas, explains all. Corporation tax complexity Super deduction for capital expenditure Points mean penalties Relief for business losses Frozen bands and allowances Two new SEISS grants […]
Budget 2021: live coverage and video review
Budget Day, Wednesday 3 March, 2021 Fuller Spurling’s own tax specialists, Amy and Philip, covered live the announcements of one of the most anticipated budgets for years. Their coverage as the day unfolded is covered below here. Plus, you can now watch Philip & Amy’s video review of the Budget’s key takeaways, particularly as they […]
Coronavirus Business Support Guide
The Chancellor’s Winter Economic Plan January 2021 You can access previous editions of our Coronavirus Business Support Guides here. Since the onset of the coronavirus pandemic, many businesses and individuals have benefited from a range of schemes, including furlough grants for staff unable to work, grants for the self-employed, deferral of VAT and Income Tax […]
Coronavirus Business Support Guide
Navigating the crisis The Coronavirus (COVID-19) pandemic and associated shutdown has significantly affected many businesses. We know you may be suffering in terms of cash flow and face enormous uncertainty about the future for your business. We will do all we can to help you. In this newsletter we have brought together what you need […]
The new tax : Loan charge
If you were persuaded to take a loan in place of
part of your pay in the past and you have not repaid it, you may now be liable to pay a new tax called the loan charge.
Employment Status – ‘the worker’
The definition of employee versus self-employed is an age old debate. How has the government and HMRC begun to respond to these changes?
NIC for the self-employed
For reasons lost in the mists of time, self-employed individuals pay two types of national insurance contributions (NIC): Class 2 and Class 4. Class 2 is charged at £148.20 per year (for 2017-18), and is only payable if your annual profits are £6,025 or more. Class 4 NIC is calculated as 9% of your profits […]