Articles Tagged ‘Taxation’

Dividend payments - Do you need to pay more tax this January?

The rules for taxing dividends changed radically from 6 April 2016 with the removal of the 10% notional tax credit and the introduction of new rates of tax on dividends. For many taxpayers there will be more tax to pay on those dividends on 31 January 2018.

Do you know how the rate changes affect you?

Make tax efficiency your New Year resolution

RWB image_Tax planning

At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April.

Read our round up of the latest tax rules for some useful planning points, to make you tax efficient in 2018…

Making Tax Digital launch date delayed

 

HMRC has announced significant changes to the Making Tax Digital (MTD) scheme, giving many businesses longer to implement the changes.

The new digitised tax scheme which was originally due to go live from April 2018 has now been delayed until 2020 at the earliest for all taxes other than VAT. 

Making Tax Digital: Get yourself prepared

In a recent report by HMRC, seven out of ten small businesses are uncertain  about Making Tax Digital and what is means for them. 

Despite originally being pencilled in for April 2018, HMRC’s Making Tax Digital (MTD) Scheme isn’t due to go live now until 2019 for businesses over the VAT threshold and then not until at least 2020 for those who are not VAT registered.

This seems to offer plenty of time to implement the changes. However, as every business owner knows, time flies, so it’s best to prepare yourself as soon as possible. 

Here’s what you need to know to get yourself ready for MTD.

The Apprenticeship Levy…six months on

RWB image_Apprentice job interview

Nobody, especially small business owners operating on tight margins, enjoys having to pay additional taxes. However, we sometimes have to bite the bullet for the greater good. Using tax to fund essentials such as workplace training makes sound economic sense in the long run. 

Six months have passed since the government introduced its new Apprenticeship Levy, so how well are small businesses coping with the new rules?

The Autumn Budget 2017

RWB image_Budget 2017 pdf download

Philip Hammond’s first Autumn Budget, which replaced the Autumn Statement, focused on positives such as job creation, help for first time buyers and a boost to R&D. 

The Chancellor also announced a series of tax measures that will have implications for individuals and businesses. 

So, what were the key points in the Autumn 2017 Budget?

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