News

The Department for Work and Pensions has confirmed the thresholds for pension automatic enrolment for 2017/18.  The main qualifying threshold or ‘trigger’ for employees to be automatically enrolled will be maintained at £10,000 per annum. The lower limit of the qualifying earning band and will be £5,876 and the upper limit £45,000.  The written statement also includes:‘Automa ...

HMRC have released more unusual excuses from taxpayers who failed to complete their self assessment tax return on time. These include: ‘My tax return was on my yacht…which caught fire’ ‘A wasp in my car caused me to have an accident and my tax return, which was inside, was destroyed’ ‘My wife helps me with my tax return, but she had a headache for ten days’ ‘My dog ate my ...

Tax

In a change that will impact residential landlords, the amount of income tax relief available on residential property finance costs will be restricted to the basic rate of income tax. This change will mean that landlords will no longer be able to deduct all of their finance costs from their property income. They will instead receive a basic rate reduction from their income tax ...

Tax

HMRC have introduced an online service to apply for a repayment of the higher rates of Stamp Duty Land Tax (SDLT) for additional properties if the property sold was previously a main home.  From 1 April 2016 higher rates of SDLT are charged on purchases of additional residential properties.  The main target of the higher rates is purchases of buy to let properties or second ho ...

Tax

Tax campaigners have warned that the abolition of Class 2 National Insurance contributions from April 2018 could result in the lowest earners among the self-employed being hardest hit. Class 2 NICs are flat-rate weekly contributions paid by the self-employed to gain access to contributory benefits. The self-employed also pay Class 4 NICs on profits above the Lower Profits Limi ...

Tax

New Blog Post ...

Sed aliquam ultrices mauris. Sed in libero ut nibh placerat accumsan. Phasellus leo dolor, tempus non, auctor et, hendrerit quis, nisi. Vestibulum ullamcorper mauris at ligula. Sed aliquam ultrices mauris. Sed in libero ut nibh placerat accumsan. Phasellus leo dolor, tempus non, auctor et, hendrerit quis, nisi. Vestibulum ullamcorper mauris at ligula. ...

Sed in libero ut nibh placerat accumsan. Duis vel nibh at velit scelerisque suscipit. Nulla sit amet est. Cras non dolor. Aenean ut eros et nisl sagittis vestibulum. Duis arcu tortor, suscipit eget, imperdiet nec, imperdiet iaculis, ipsum. Vivamus aliquet elit ac nisl. Phasellus gravida semper nisi. Nunc interdum lacus sit amet orci. ...

An "intro" paragraph class senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo. Quisque sit amet est et sapien ullamcorper pharetra. Header Level 2 Pellentesque habitant morbi tristique sen ...

An "intro" paragraph class senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo. Quisque sit amet est et sapien ullamcorper pharetra. Header Level 2 Pellentesque habitant morbi tristique sen ...