by Ruth Clark | May 16, 2022 | Business, HMRC, Uncategorised
The government is increasing dividend tax by 1.25%, and this will have an impact on shareholders, not least those of family and owner-managed companies. The reaction to this announcement might be to withdraw as much as possible before 6 April 2022 to reduce their... 
by Ruth Clark | May 16, 2022 | Uncategorised
Some taxpayers must pay a tax more than once a year, and if this is you, you are facing a second tax bill before July 31. Those exempt from making a payment on account in July include those who had a self-assessment tax bill of less than £1,000 for the previous tax... 
by Ruth Clark | Apr 4, 2022 | Budget Announcement, Spring Statement, Uncategorised
The Chancellor’s Spring Statement on March 23 was limited on giveaways, but there were some measures designed to help people struggling with the highest rates of inflation in 30 years. The Office for Budget Responsibility (OBR) has forecast that inflation will... by Ruth Clark | Jan 14, 2022 | Uncategorised
Form 17 and its uses Assets such as investment property are sometimes jointly held in the names of a married couple (or civil partners). Generally, the couple is treated for income tax purposes as beneficially entitled to the property income in equal shares (the... by Ruth Clark | Dec 30, 2021 | Uncategorised
Christmas brings the exciting prospect of gifts and parties. Many employers wish to ‘treat’ staff at this time of year, and if they can do it in a tax-efficient way, so much the better! Let’s get the party started! The Christmas ‘do’ is a popular event in many... 
by Ruth Clark | Jul 2, 2021 | Uncategorised
What is a P11D form? P11D form is used to outline the cash value of benefits given to employees or taxable expenses which are not wholly and exclusively for business purposes. It is up to the employer to analyse all benefits and expenses given to its employees and...