At the beginning of August the Bank of England cut interest rates from 0.50% to 0.25%, reaching a new record low and introducing the first cut since way back in 2009, in order to counter the threat of a post Brexit recession.
Many individuals have property interests and when buying, selling, leasing, constructing, converting or renovating buildings, it is important that the VAT position is considered in advance of any transaction.
One of the main reasons that individuals voted "leave" was to restore fiscal sovereignty to the UK so that we are able to set our own laws, in particular tax law, without interference from Brussels.
1 August 2016 - Due date for Corporation Tax due for the year ended 31 October 2015.
For 2016-17, the EA is set at £3,000. This means that if you are eligible, you will not have to pay employers’ Class 1 contributions up to this amount. The following set out some of the less well known facts about this allowance:
If you leave your entire estate to charities, will you be turning in your grave if disinherited relatives mount a challenge to break your last will and testament, and succeed?
Buy-to-let landlords need to start considering their options, in particular, those who have borrowed heavily in order to build their property portfolio.
From April 2018 buy to let landlords will be hit with costs of up to £5,000 in order to comply with new government energy efficiency legislation, which will be introduced on rental properties.
In 2014, the DVLA scrapped the displaying of a paper tax disc, as for the first time in 90 years drivers would resort to a new procedure and meet the new rules, by renewing their car tax by phone, DVLA website or at the post office.