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Summary: The Autumn Budget 2018
- October 31, 2018
- Posted by: admin
- Category: Business Growth, Business plans, Contractors, Expenses, Finance & accounting, Investment, Property, Start-ups, Tax
No CommentsSummary: The Autumn Budget 2018 The following paragraphs summarise the key tax points arising from the 2018 Autumn Budget based on the documents released on 29 October 2018. Please remember that these proposals are subject to amendment during the passage of the Finance Bill through Parliament. We will, of course, keep you informed of any
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Budget 2019: Off-Payroll IR35 reforms to be extended to private sector in April 2020
- October 29, 2018
- Posted by: admin
- Category: Business Growth, Business plans, Contractors, Expenses, Finance & accounting, Tax
Government sustained its attack on the self-employed by announcing plans to extend the draconian ‘Off-Payroll’ rules into the private sector in April 2020. Speaking during the Budget speech this afternoon, the Chancellor described the measure as a means of tackling perceived high levels of non-compliance with IR35 among the self-employed, stating “Widespread non-compliance also exists
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10 ways to avoid capital gains tax
- October 23, 2018
- Posted by: admin
- Category: Business Growth, Contractors, Expenses, Finance & accounting, Investment, Property, Tax
dhkac;k;ls 1. Use the annual tax-free allowance Capital Gains Tax (CGT) is charged on the profits made when certain assets are sold, or transferred. You pay CGT on the gains made above your annual tax-free allowance, which this year is £11,700. You should make sure you use your annual exemption as this cannot be carried
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Payments on Account: How does it impact the contractor in 2016/17
- April 10, 2017
- Posted by: admin
- Category: Business Growth, Contractors, Expenses, Finance & accounting, Tax
Payments on account are where the taxpayer pays 50% of the following years personal tax at the same time they settle their current year’s liability (in the case of the 16/17 tax year this payment will be due by 31 January 2018). There is also a second payment on account due by 31 July for
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