In the summer Budget, the chancellor George Osborne announced major changes to the current tax legislation which applies to dividend income. From 6 April 2016 there are 4 main changes coming into effect: The 10% dividend tax credit will be abolished. Individuals will have a £5,000 a year tax-free dividend tax allowance. This allowance will […]
In July 2015 HMRC launched a campaign to clampdown on individuals and businesses who let out rooms in their homes on the internet or sell goods on sites such as Amazon, ebay or etsy without paying tax. Many people who use these sites are unaware that they should be completing a self-assessment tax return for […]
Last year 979,526 tax returns were filed on the last two days of filing (30 and 31 January), that is over 10% of the total number of returns submitted online. So why do people leave it right to the last minute? It doesn’t seem logical, how many news stories do you read of HMRC’s portal […]
You must register for VAT with HM Revenue and Customs (HMRC) if your business’ VATable turnover is more than £82000 per year. If you want to, you can voluntarily register if your turnover is below this (unless everything you sell is exempt). Not sure what forms you have to fill in? HMRC have produced this video to […]
CATEGORIES
POPULAR POSTS
We’re friendly Yorkshire accountants in Leeds, based in Horsforth who love to help...
What we do rather well...
