Business

DIVIDEND STRATEGY FROM 6 APRIL 2016

Tax policies introduced during the first decade of the 21st century encouraged the use of companies as a trading vehicle. The result was that many traditionally self-employed people incorporated their businesses, took salaries equal to the income tax personal allowance…
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THE SUMMER FINANCE BILL: WHAT IS MISSING !

The second Finance Bill 2015 and its explanatory notes were released on 15th July. The Bill received it’s second reading in the House of Commons on 21st July, although MPs will not debate it until September, after the summer recess. The Bill is expected…
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SUMMER BUDGET 2015: INITIAL THOUGHTS CORPORATE

Re-defining the Taxation of Dividends Post April 2016 Planning As a result of the changes announced in the budget, tax planning involving dividends will become less attractive, and we are likely to see a move towards paying salary rather than…
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Summer Budget 8th July 2015: The Main Points

The Personal Allowance The Chancellor was already moving in the direction of a £12,500 personal allowance with the allowance previously due to rise to £10,800 in 2016-17. However, in the Budget he has now said that the first £11,000 of…
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CONCISE BUDGET PREDICTIONS FOR 8TH JULY 2015

The Chancellor must strike a balance between commitments made prior to the election and the need to generate revenue. The Conservative Party’s manifesto pledge for a tax lock on income tax, VAT and national insurance limits the Chancellor’s room for…
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LATEST TAX CHANGES: FINANCE ACT 2015 & BUSINESS

Finance (No 2) Bill was published on Tuesday 25 March, debated in the Chamber of the House during the afternoon of 26 March and received Royal Assent on Thursday 27 March. Finance Act 2015 is 340 pages long and contains…
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