Child Benefit Clawback- a case taken to First Tier Tribunal

By | April 12th, 2018|tax, Uncategorised|

The high income child benefit charge (HICBC) is the mechanism, to clawback child benefit. In brief, a high earner has to pay more tax to [...]

Statutory Maternity Pay -latest Case

By | April 5th, 2018|Uncategorised|

Statutory Maternity Pay (SMP) must be paid to a pregnant employee who has been continuously employed by the employer for at least 26 weeks, up [...]

Tax News Round-up March 2018

By | March 29th, 2018|Business, tax, Uncategorised|

NO MAJOR TAX CHANGES IN CHANCELLOR’S SPRING STATEMENT As announced last year, the Chancellor’s Budget will in future take place in the Autumn each [...]

National Minimum Wage Increases -1st April

By | March 29th, 2018|Uncategorised|

Rates of National Minimum Wage and Living Wage. The National Minimum Wage (NMW) rates per hour will increase from 1st April 2018 so that [...]

Termination Payments – are you up to date?

By | March 15th, 2018|Business, tax, Uncategorised|

Termination payments which are provided for in the employment contract are by definition paid under that contract, and are taxable. Payments in lieu of notice [...]

IR35 – latest case to come before First Tier Tribunal

By | March 1st, 2018|tax, Uncategorised|

In a recent case brought before the first tier tribunal, Christa Ackroyd Media Limited v HMRC, the tribunal held that the former BBC television presenter [...]

Rent a room and tax relief- are you claiming?

By | February 15th, 2018|Uncategorised|

Rent a room tax relief was introduced in 1992 to increase the availability of low cost accommodation for tenants, but the rental market has [...]

Key Trends to watch in 2018

By | January 4th, 2018|Business, Uncategorised|

Technology and innovation are driving the evolution of most businesses these days. Here are some of the key trends for businesses to watch out for [...]

Indexation allowance – changes from January 2018

By | November 30th, 2017|tax, Uncategorised|

The capital gains indexation allowance adjusts the base value of an asset by general inflation, as measured by the retail price index (RPI), [...]

Dividend – Micro Company profit extraction

By | November 23rd, 2017|Business, tax, Uncategorised|

F (No 2) A 2017 received Royal Assent on 16 November 2017. Section 8 of that Act reduces the dividend allowance from £5,000 to £2,000 [...]

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