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Company Tax Updates & Information

Date: 18th July 2018 | Post by: HaesCooper | Category: Company Tax Updates & Information, HMRC Updates, Personal Tax Updates & Information
  In 2015, the HMRC announced that they were launching an initiative to improve the efficiency of the UK tax system, by moving both personal and business tax online – it's called Making Tax Digital (MTD). By 2020, the HMRC has set the target of migrating the majority of business, self-employed and...
Date: 4th May 2017 | Post by: HaesCooper | Category: Company Tax Updates & Information
Two new rules have been created to counter certain company car and van schemes that HMRC considers unfair tax avoidance. When will they take effect and what action should you be taking before then? Changing the rules to suit During the last couple of years tribunals have disagreed with HMRC's...
Date: 20th April 2017 | Post by: HaesCooper | Category: Company Tax Updates & Information
If you sell your business the buyer might offer you loan notes as payment. These can be tax efficient despite the restrictions introduced in 2010. Better still, recent changes could mean even greater savings. What’s involved? The loan note option When a company buys another business one of the ways...
Date: 20th April 2017 | Post by: HaesCooper | Category: Budget News, Company Tax Updates & Information, HMRC Updates
1. Savings, Personal Tax, National Insurance and Pensions. 1.1 A new Personal Savings Allowance The government will introduce an allowance from 6 April 2016 to remove tax on up to £1000 of savings income for basic rate taxpayers and up to £500 for higher rate tax payers. Additional rate taxpayers...
Date: 20th April 2017 | Post by: HaesCooper | Category: Budget News, Company Tax Updates & Information, Personal Tax Updates & Information
The Chancellor has presented the Autumn Statement to Parliament – here's a summary of what was announced. 1. The UK has the fastest growth in the G7 and the deficit is forecast to be halved – but there is still more to do The UK has the fastest growth in the G7, there are more people in work than...