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Archive for the "PAYE & NI" Category

Personal allowance and UK higher rate tax limit increased early...

26th November | Posted in: Allowances, Government Announcements, PAYE & NI, Personal Tax, Planning

The UK Government’s manifesto pledge back in 2015 was that the personal allowance would rise to £12,500 in 2020 and the higher rate tax threshold to £50,000. The Chancellor announced in his recent...

No changes to UK tax rates and dividend tax

26th November | Posted in: Government Announcements, PAYE & NI, Personal Tax

The basic rate of income tax and higher rate remain at 20% and 40% respectively, and the 45% additional rate continues to apply to income over £150,000 for UK taxpayers. Note that Scottish tax rates ...

newsletter

October 2018 E-Newsletter

5th November | Posted in: Company News, PAYE & NI, Personal Tax, Planning

Welcome to this month’s E-Newsletter which includes a great blog from Jenny, who has recently returned from maternity leave, giving her views on returning to work. Moving to the next stage, we also ...

Classic Car

How about a Classic Car as your Company Car?

29th October | Posted in: Business Tax, PAYE & NI

Most people who have had a company car available to use as their private car know that there can be a hefty tax bill to pay. This is particularly true when the car is not “green” and the manufactu...

Some Football Referees Are Self-Employed

26th October | Posted in: Company News, Government Announcements, PAYE & NI, Regulations

Following on from our earlier blog regarding an IT Consultant who won his IR35 Personal Service Company Case, the degree of control was also held to be a critical factor in another recent case determi...

history

Check Your National Insurance Contributions History

23rd October | Posted in: Company News, PAYE & NI, Planning

A full National Insurance Contributions record is required to maximise you entitlement to full State Benefits, including your State Pension. It is possible to check your National Insurance record onli...

self employed

Class 2 National Insurance Contributions (NIC’s) to continu...

22nd October | Posted in: Company News, PAYE & NI

In 2016 the government consulted on the proposed abolition of Class 2 National Insurance contributions (NIC’s) for the self-employed. Class 2 NIC’s, which are currently £2.95 a week, are ...

Welsh Tax

Welsh Income Tax starts 6 April 2019

29th August | Posted in: Government Announcements, PAYE & NI, Planning

From 6 April 2019, the Welsh Government (like the Scottish Government) will be able to set and vary the rate of Income Tax paid by Taxpayers who live in Wales. As in Scotland the system will be admini...

rent a room relief

Rules for “Rent A Room” relief to be tightened up fro...

28th August | Posted in: Company News, Government Announcements, PAYE & NI, Pensions, Savings & Investments, Properties, Property Investment

HMRC propose to restrict the availability of “rent a room” relief to situations where the taxpayer is living in the let property for at least some of the time that the accommodation is let. Hence ...

spreading the cost

Spreading the 2019 loan charge

20th August | Posted in: Government Announcements, PAYE & NI, Personal Tax, Planning

Last month we alerted you to the requirement to register with HMRC by 30 September 2018 in order to settle on preferential terms before the outstanding loan charge arises on 5 April 2019. This new tax...

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