Autumn Statement 2016

The Chancellor, Philip Hammond, presented his first Autumn Statement today. However, there weren’t many surprises for small and medium sized businesses. The Autumn Statement was pitched as pro-business and aimed to reassure firms that the UK is open for business and ready for any … [Read more...]

New Dividend Tax

New Dividend Tax - Can I still save tax by operating through a limited company? An important question often asked by many small business owners is how to structure their business. A UK business can generally be structured as a sole trader, partnership or a company. Sole … [Read more...]

Budget Review 2016

Wednesday’s Budget was pitched as “A Budget for the next generation” and although some of the changes, such as the new dividend tax rules, had already been revealed in the Autumn Statement, there were still a few surprises such as a reduction in capital gains tax and corporation … [Read more...]

Tax Returns: Top Excuses For Late Filing

The taxman has revealed the top excuses it received from taxpayers for filing their tax returns late. From hungry rodents to broken washing machines, HMRC has published some interesting excuses that were all used in appeals against penalties. The excuses that hit the top ten list … [Read more...]

Tax Evasion: New Offence For Facilitating

The government will legislate for a new criminal offence for corporations that fail to take adequate steps to prevent tax evasion. HMRC has confirmed that in addition to the new criminal offence, the government will introduce a penalty for offshore evasion based on the value of … [Read more...]