Shared parental leave

 Parents considering shared parental leave may like to consider the following notes.  You may be able to get Shared Parental Leave (SPL) and Statutory Shared Parental Pay (ShPP) if: your baby is due on or after 5 April 2015 you adopt a child on or after 5 April 2015  If Read more…

Tax scheme generates �1bn in tax

HMRC has collected £1 billion in tax payments from users of tax avoidance schemes as a result of the government’s new rules to collect disputed tax upfront, the Financial Secretary to the Treasury, David Gauke, announced 13 September 2015. The Government introduced Accelerated Payments last year to radically change the Read more…

Self assessment payments on account

If you are self-employed (as a sole trader or in partnership) you will normally make two payments on account of your self assessment tax liability at the end of January and July each year. Normally, these payments on account are based on your total self assessment dues for the previous Read more…

Tax Diary September/October 2015

 1 September 2015 – Due date for Corporation Tax due for the year ended 30 November 2014.  19 September 2015 – PAYE and NIC deductions due for month ended 5 September 2015. (If you pay your tax electronically the due date is 22 September 2015.)  19 September 2015 – Filing Read more…

Do you own property in the EU

If you own property in the EU you may be advised to revisit your Wills and make sure that you are not affected by the automatic succession rules that apply in many countries. For example, in France it is the usual practice to ensure that property is left to children Read more…

Sunday trading review

The Government is undertaking a review of the Sunday Trading legislation. The review aims to deal with the concerns of larger high street retailers, who are concerned that they cannot compete effectively with online retailers unless they are open seven days a week at normal opening hours. The Government is Read more…

More on the dividend tax

As we mentioned in last month’s newsletter, from April 2016, the present dividend tax credit of 10% is being abolished and is being replaced with an annual dividend allowance of £5,000. To recap, dividends received in excess of the £5,000 allowance will be taxed at increasing rates according to your Read more…