tax advice | AccountingWEB

tax advice

Under the Government’s plans to create ‘a modern and fairer tax system’, most businesses, self-employed people, and landlords will be required to update their tax affairs at least quarterly via dig

The Autumn Statement ’15 was accompanied this year by the Spending Review, which took primary focus.

Major events and tax deadlines are fast approaching in the lead up to the holiday season.


25 November 2015

Since 6 April 2014, employers have been able to utilise the employment allowance to reduce the amount of National Insurance Contributions (NICs) that they pay on employees wages by up to £2,000.


The latest case heard before the First Tier Tribunal highlights the important tax consequences for payments resulting from the termination of employment.

Most taxpayers submitting their 2014/15 tax returns by paper must do so by midnight 31 October 2015.

After a lengthy appeals process, the Supreme Court has ruled on whether a taxpayer can claim double taxation relief for income from a US Limited Liability Company (LLC).

Research and Development (R&D) relief is available to companies that incur expenses on a project which seeks an advance in science or technology.

Unless already registered for Self-Assessment, taxpayers who have chargeable income or gains for the 2014/15 tax year must notify HMRC of this by the 5th October 2015.


A Main Residence Nil Rate Band will be introduced from April 2017, thereby effectively raising the Inheritance Tax threshold for homeowners to £850,000 for married couples or civil partners, rising