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Practical implications of the dividend tax allowance

By thetaxguys | Comments Off on Practical implications of the dividend tax allowance

The new rules governing the taxation of dividends are set to take effect in relation to dividends received after 5 April 2016. The changes include:

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Personal savings allowance update

By thetaxguys | Comments Off on Personal savings allowance update

From 6 April 2016, the personal savings allowance (PSA) will allow basic rate taxpayers to receive up to £1,000 of savings income tax-free. For higher rate taxpayers, this limit will be…

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Landlords’ replacement wear and tear allowance

By thetaxguys | Comments Off on Landlords’ replacement wear and tear allowance

Capital allowances are not available for expenditure on furniture and furnishings for use in dwelling houses. However, until 5 April 2016 (1 April 2016 for corporation tax) a deduction for…

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Employee bonus schemes in the spotlight

By thetaxguys | Comments Off on Employee bonus schemes in the spotlight

HMRC have recently published the latest addition to their tax avoidance guidance series, entitled Employee Bonus Schemes: Growth Securities Ownership Plan and other avoidance schemes based on contracts for difference…

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March Questions and Answers

By thetaxguys | Comments Off on March Questions and Answers

Q. What are the implications of selling my Scottish home? I own and live in a property in Scotland. What are the implications of me selling the house to a relative,…

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March Key Tax Dates

By thetaxguys | Comments Off on March Key Tax Dates

19/22 – PAYE/NIC, student loan and CIS deductions due for month to 5/3/2016 31 – Last minute tax planning for the 2015/16 tax year. Ensure you use up all exemptions to which…

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