by Darren Fagan | Oct 6, 2017 | Tax News
THERE MAY BE MORE TAX TO PAY ON YOUR DIVIDENDS IN JANUARY The rules for taxing dividends changed radically from 6 April 2016 with the removal of the 10% notional tax credit and the introduction of new rates of tax on dividends. For many taxpayers there will be more... by Darren Fagan | Sep 29, 2017 | Tax News
HMRC has provided more details of the new simple assessment system, designed to end the traditional tax return process, under which taxpayers who used to provide information under self assessment will no longer need to do so, as returns will now be pre-populated with... by Darren Fagan | Sep 15, 2017 | Tax News
Employees in receipt of payments in the form of loans will face a loan charge from HMRC in order to prevent tax avoidance through disguised remuneration Draft legislation from HMRC shows the measure will apply to existing disguised remuneration schemes that were made... by Darren Fagan | Sep 8, 2017 | Business, Tax News
The Finance Bill due to be debated in early September will finally include the new rules for the set off of company losses that were originally announced in March 2016. As a result of the first Finance Act being rushed through due to the snap General Election the... by Darren Fagan | Aug 31, 2017 | Business, Tax News
Following concerns raised by the Treasury Select Committee, industry bodies and businesses, the Government has revised the timetable on Making Tax Digital for Business (MTDfB). The changes will now commence from 2019 for businesses which have a turnover which exceeds... by Darren Fagan | Aug 18, 2017 | Business, Tax News
The Government has responded to pressure from accountants and other interested parties and announced the delay of Making Tax Digital for Business to 2020 at the earliest. Quarterly VAT reporting using the new system will be mandatory from 2019. In a further U-turn,... 