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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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Can you split your income with your partner, even if you are not married?
- October 10, 2018
- Posted by: admin
- Category: Business Growth, Contractors, Expenses, Tax
Splitting income with your spouse If you are married you may want to consider your spouse owning some of the shares in your company so that you can pay them some dividends. They can also potentially be made an officer of your company (director or company secretary) to enable them to be paid a low
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