by Mubashir | Apr 2, 2018 | Budgets & Other, Landlord, Limited Company, Payroll & PAYE, Personal Tax
Income Tax Rates and Bands Recent income tax rates and bands are as follows: 2015/16 2016/17 2017/18 Savings rate: 10%, 0% from 2015/16 0 – £5,000 0- £5,000 0- £5,000 Dividend Allowance: 20% NA 0 – £5,000 0 – £5,000 Basic rate: 20% 0 – £31,785...
by Mubashir | Mar 29, 2018 | Budgets & Other, Limited Company, Misc
Minimising Tax on Company Cars The cost of being provided with a company car has reached extremely high levels and whether to make use of a company car for private purposes now requires careful consideration to minimise the tax costs. There are a number of factors...
by Mubashir | Mar 29, 2018 | Budgets & Other, Misc, Personal Tax
The Basics of Inheritance Tax Inheritance tax (IHT) is starting to be more of a concern to many people. Most estates (the assets you leave when you die) are still not charged with inheritance tax, as the total value is not high enough, but more estates are being...
by Mubashir | Mar 28, 2018 | Budgets & Other, Misc
With April fast approaching, your clients need to be aware of the changes in statutory pay rates which are set to come into force. April brings with it several developments which are set to alter the landscape of employment law, particularly in the area of employee...
by Mubashir | Mar 19, 2018 | Budgets & Other
Summary Chancellor Philip Hammond said it would be a short, snappy affair when he delivered the government’s first Spring Statement to the House of Commons today, and this was indeed to be the case – it took just 30 minutes to cover the key points. The...
by Mubashir | Feb 22, 2018 | Budgets & Other, Limited Company, Misc, Payroll & PAYE
National Insurance – Your Way Around the Maze All rates in this article are for 2018/19. NIC for Employees For employees Class1 National Insurance (NI) primary contributions are deducted from their salary each month as part of the PAYE system. They are paid on...
