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Monthly Tax Update – March 2016


1 March 2016

Welcome to our monthly tax update designed to keep you informed of the latest tax issues.

We hope you enjoy reading this update; remember, we are here to help you so please contact us if you need further information on any of the topics covered.

Don’t lose your personal allowance

For every…

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Second homes – buy now to avoid SDLT supplement


18 February 2016

One of the Chancellor’s shock announcements of the 2015 Autumn Statement was that a new 3% SDLT supplement would apply for second residential properties. The supplement comes into effect from 1 April 2016.

Under the proposals, higher rates of SDLT will be charged on purchases of additional residential homes, such…

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Monthly Tax Update – February 2016


1 February 2016

Welcome to our monthly tax update designed to keep you informed of the latest tax issues.

We hope you enjoy reading this update; remember, we are here to help you so please contact us if you need further information on any of the topics covered.

Single director companies excluded from £3,000…

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Preparing for the national living wage


5 January 2016

living-wageThe national living wage (NLW) of £7.20 an hour for workers aged 25 and over will come into effect on 1 April 2016.

The national minimum wage will continue to apply to all other eligible workers.

Although April may seem like a long…

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Monthly Tax Update – January 2016


1 January 2016

Welcome to our monthly tax update designed to keep you informed of the latest tax issues.

We hope you enjoy reading this update; remember, we are here to help you so please contact us if you need further information on any of the topics covered.

Draft Finance Bill 2016 clauses issued for consultation

Draft…

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Monthly Tax Update – December 2015


1 December 2015

Welcome to our monthly tax update designed to keep you informed of the latest tax issues.

We hope you enjoy reading this update; remember, we are here to help you so please contact us if you need further information on any of the topics covered.

HMRC business records checks to end…

HMRC…

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Monthly Tax Update – November 2015


1 November 2015

Welcome to our monthly tax update designed to keep you informed of the latest tax issues.

We hope you enjoy reading this update; remember, we are here to help you so please contact us if you need further information on any of the topics covered.

Downsize (or upsize) to save inheritance…

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Minimum wage increases


1 October 2015

The adult rate of the national minimum wage (NMW) is set to rise by 20p to £6.70 on 1 October 2015.

As well as the change to adult rate:

  • the apprentice rate increases by 57p to £3.30
  • the rate for 18 to 20 year olds will rise by 17p to £5.30
  • those aged…

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Monthly Tax Update – October 2015


Welcome to our monthly tax update designed to keep you informed of the latest tax issues.

We hope you enjoy reading this update; remember, we are here to help you so please contact us if you need further information on any of the topics covered.

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Digital account timeline overview


4 September 2015

HMRC has revealed how it plans to introduce digital tax accounts over the course of the 2015/16 tax year.

First announced in Budget 2015, news that HMRC wants digital accounts to replace traditional annual tax accounts created much debate.

Now, further details of what this transitional process will look have been…

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