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Insider – August 2017


1 August 2017

 

The Insider for August includes articles on the following subjects. Please click on the image to the left if you’d like to download the full details of the articles.


Sick pay valued over other benefits

Self-employed people would prefer to receive sick…

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Election on 8th June – What’s in the manifestos?


1 June 2017

The decision to call a snap General election on 8th June caught many of us by surprise. The various political parties have been rushing out their manifestos making all sorts of promises if elected. These documents are becoming increasingly important. Bringing…

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Spring Budget 2017


9 March 2017

Introduction

Chancellor Philip Hammond described his first and last Spring Budget as one that “takes forward our plan to prepare Britain for a brighter future”.

The economic forecasts outlined by the Office for Budget Responsibility (OBR) were broadly in line with those from the Autumn Statement in November 2016.

Inflation is forecast…

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Insider – March 2017


3 March 2017

 

The Insider for March 2017 includes articles on the following subjects. Please click on the image to the left if you’d like to download the full details of the articles.

 


Firms prepare for Making Tax Digital

Businesses will be given at least 12…

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March 2017 – Diary of main tax events


2 March 2017

The main tax events for March and April 2017 are listed below:

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March 2017 – Year end Capital Taxes Planning


Have you used your 2016/17 £11,100 annual capital gains exemption? Consider selling shares where the gain is less than £11,100 before 6 April 2017. Also, if you have any worthless shares, consider a negligible value claim to establish a capital loss. You may even be able to set…

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March 2017 – Consider other tax efficient investments


If you are looking for investment opportunities, have you considered the Enterprise Investment Scheme (EIS)?

These investments in certain qualifying companies allow you to set off 30% of the amount invested against your tax bill as well as capital gains tax (CGT) deferral.

An even more generous tax break is available…

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March 2017 – Don’t lose your personal allowance!


For every £2 that your adjusted net income exceeds £100,000, the £11,000 personal allowance is reduced by £1. Pension contributions and Gift Aid can help to reduce adjusted net income and save tax at an effective rate of 60%.

The restriction applies between £100,000 and £122,000 adjusted net income. Another…

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March 2017 – Making Tax Digital to start in April 2018


Legislation to introduce Making Tax Digital (MTD) will be included in the Finance Bill 2017 and despite many objections that it was too soon, the new system of quarterly reporting will commence in April 2018 for the self-employed and property landlords.

There were 1200 responses to the consultation documents issued…

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Date What’s Due
1/03 Corporation tax payment for year to 31/5/16 (unless quarterly instalments apply)
19/03 PAYE & NIC deductions, and CIS return and tax, for month to 5/03/17 (due 22/03 if you pay electronically)
1/04