The newsletter covers a number of topical issues including …
Did you know there are new car tax rates?
If you have recently purchased or are in the process of buying a new car, you will know that new rates of Vehicle Excise Duty (VED) apply for purchases of cars first registered on or after 1 April 2017.
Planning for the reduction in the Dividend Allowance
We are used to tax reliefs being changed when a new government comes into power but it is more unusual to see a tax relief being created and then severely cut by the same government within a two year time period.
Making Tax Digital – where are we now?
A new term has been invented by the government to reflect the central role of businesses in the Making Tax Digital project - Making Tax Digital for Business - and a new acronym – MTDfB.
Another tax rise will be with us soon
We are used to most tax changes being made from April each year but one tax - Insurance Premium Tax (IPT) – is an exception. The standard rate of IPT is to rise from 10% to 12% with effect from 1 June 2017.
Marriage allowance – now worth £432 for many people
It is now over two years since the Marriage Allowance was introduced and perhaps it is no surprise to learn that most people who are eligible have not claimed the allowance. The allowance lets certain individuals transfer 10% of their personal allowance to their spouse or civil partner.
6 April 2017 – attention landlords
It was almost two years ago in the Summer Budget 2015 that the then Chancellor, George Osborne, announced restrictions to income tax relief for interest costs incurred by landlords of residential properties. The proposals became law in November 2015 but it is only from the 6 April 2017 that these provisions came into effect.
Financing companies and tax relief
Your company or perhaps a company of a relative requires additional finance to expand. You have the funds to help. What is the best way to provide the funds to the company?
Leading your team to success
One of the key ingredients for making your business a success is effective teamwork. This requires you as the business leader to harness the collective efforts of your people and direct them towards achieving your overall business goal.