If you are resident in the UK for tax purposes and have bank accounts, assets, investments or any sources of income arising overseas you could owe tax in the UK. Since 2016, tax authorities around the world have been sharing large amounts of information about people’s financial
Read more →The new tax year signals a number of legislation changes for businesses and individuals. To keep you up to date with the latest reforms, here’s our rundown of what is most likely to affect you as of 6th April 2018: Personal Allowance rises The new threshold sits
Read more →For decades, buying a property has been seen as a great investment option. However, recent changes in the buy-to-let market have had a knock-on effect on private landlords’ confidence in terms of whether they should continue building their portfolios. The stamp duty hike which kicked in last
Read more →Introduced more than a decade ago, the Flat Rate VAT scheme makes life easier for small businesses, removing complicated administration and providing a buffer between incomings and outgoings. Since 1st April there are important changes to the Flat Rate VAT scheme that could affect you. More than
Read more →Philip Hammond’s first Budget as the Chancellor of the Exchequer was a largely quiet affair with few major and out of the blue announcements. Here’s the key changes that could affect you: The tax free dividend allowance will reduce from £5,000 to £2,000 from April 2018 The
Read more →For years businesses which take on numerous projects at once often have them spread across a number of limited companies. With main purpose for this being to ring fence risk and secure the main business assets from any ‘bad’ projects. However, a secondary advantage comes with setting
Read more →Philip Hammond announced big changes in his first (and last) Autumn Statement around the amount of VAT that small businesses will have to pay. From 1st April 2017, businesses using the flat rate VAT scheme that spend less than two per cent of sales on VAT inclusive
Read more →Tuesday, 31st January 2017 is the cut-off date for those having to fill in Self Assessment tax returns. With the deadline looming, Paul Brides, group tax manager at Champion Accountants gives some last minute tips. Who should submit Self Assessment? HMRC usually deducts tax from wages, pensions
Read more →Philip Hammond delivered his first and last Autumn Statement yesterday as Chancellor of the Exchequer. All subsequent budgets following Spring 2017 will now be delivered in the autumn, starting next year. Thereafter, the OBR will produce a spring forecast to which the Government will respond making changes
Read more →The true result of Brexit is yet to be seen, but one thing is for certain, when Article 50 is triggered almost every aspect of economic life will change. Trading relationships will alter and the Government will have complete control over UK taxation. Currently, VAT (Value Added
Read more →
;
