This site uses cookies to improve your browsing experience and analyse use of our website. By clicking ‘I accept’ you agree and consent to our use of cookies. You can find out more about our cookies here. Find out more

August 2016

What does the interest rate cut mean for you?

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. 

Tax Diary August/September 2016

1 August 2016 - Due date for Corporation Tax due for the year ended 31 October 2015.

NIC Employment Allowance (EA)

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:

Where there's a will...

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 action required

Buy-to-let landlords need to start considering their options, in particular, those who have borrowed heavily in order to build their property portfolio.  

Landlords to be hit with 'Green Tax'

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.

Scrapping of paper vehicle tax discs costs DVLA almost £100m as revenue plummets

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.