Newsletter Summer 2016

In our summer newsletter, we cover several topical issues including auto-enrolment, small company taxation and minimum wage increases. We also take an in-depth look at reporting expenses and benefits, and how allowances for dividends and interest are changing.

A new breed of State Pensioners

Those who reached State Pension age on or after 6 April 2016 have the privilege of being the first recipients of the new, supposedly 'flat rate' State Pension.

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Is R & D tax relief available?

HMRC have introduced 'Advance Assurance' which enables small companies to confirm their entitlement to R&D tax relief.

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Small company taxation

The Office of Tax Simplification (OTS) has been reviewing small business taxation.

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Salary sacrifice and Auto Enrolment

We look at the options for using a salary sacrifice scheme to deliver tax savings for the employer and the employee.

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Looking forward to the Lifetime ISA - if you’re under 40

We look at the suggestion that some taxpayers in their 20s and 30s will replace a pension scheme with a new Lifetime ISA.

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Feature article

The New Regime for Dividends and Interest

From 6 April 2016, new dividend and savings allowances are introduced together with revised rates of taxation on dividends. In a changing landscape for personal tax, it is crucial to understand the opportunities and pitfalls in the new regime.

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When (and when not) to sign a Gift Aid form

The Gift Aid scheme is now 25 years old. Recent changes to the scheme mean that if an individual has not paid sufficient tax to cover the tax reclaimable by the charity on the donation, the individual is responsible for paying the difference to HMRC.

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Minimum Wage rates increases rescheduled

The government has announced that the NMW and NLW cycles will be aligned with effect from April 2017 so that both rates are amended in April each year.

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Feature article

The new employee expenses and benefits reporting regime

Recent developments affecting the operation and reporting of expenses and benefits mean changes to the P11D.

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Four reasons to add social media to your marketing plan

The use of social media in businesses has rocketed over the last few years as it is a great way to communicate with a wide audience. If you're not an active user you could be missing out on vital chances to communicate with your clients.

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