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Employment Taxes – Budget 2020

National Insurance thresholds The government has recently announced National Insurance thresholds for 2020/21. Most thresholds will rise with inflation. Two thresholds, however, will rise by

Other Matters – Budget 2020

VAT E-publications The government will introduce legislation to apply a zero rate of VAT to e-publications from 1 December 2020, to make it clear that

Personal Tax – Budget 2020

The personal allowance The personal allowance is currently £12,500. Budget 2018 announced that the allowance will remain at the same level in 2020/21 and then

Business Tax – Budget 2020

Corporation tax rates Corporation tax rates have already been enacted for periods up to 31 March 2021. The main rate of corporation tax is 19%.

Charlotte Garford wins John Beere Prize 2019

We are delighted to announce that Charlotte Garford has been awarded the John Beere Prize 2019. The prize was awarded by the Institute for Chartered

Spring Statement 2019 – Introduction

Amidst all the Brexit debates, the Chancellor Philip Hammond presented his second Spring Statement on Wednesday 13 March 2019. In his speech the Chancellor provided

Spring Statement 2019 – Business Tax

Making Tax Digital for Business: VAT HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to

Spring Statement 2019 – Personal Tax

The UK personal allowance, tax rates and bands for 2019/20 were announced by the Chancellor in the Autumn budget in October 2018. The personal allowance

Spring Statement 2019 – Employment Taxes

Off-payroll working in the private sector The changes to the off-payroll working rules (commonly known as IR35) that came into effect in April 2017 for

Spring Statement 2019 – Capital Taxes

Capital gains tax (CGT) rates The current rates of CGT are 10%, to the extent that any income tax basic rate band is available, and

Spring Statement 2019 – Other Matters

Extension of offshore time limits The assessment time limits have been increased for offshore income and gains to 12 years. Similarly the time limits for

The law relating to VAT reporting is changing from 1 April 2019

Any UK VAT registered business with a turnover exceeding £85,000 will have to keep digital records and submit their VAT returns directly from their accounting

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