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June 2016

The 2016 South Wilts Business of the Year Awards

The finalists of the Moore Business of the Year Award (£500k to £5m turnover) were revealed last night at an awards ceremony at the City Hall as

Tax Diary June/July

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

What is a CT61?

Although most banks and building societies do not have to deduct Income Tax from interest payments they make to depositors from April 2016, the same does not apply to others that pay interest.  

Expanding your income tax bands

For the tax year 2016-17, most taxpayers are entitled to claim a tax-free personal allowance of £11,000 from their taxable income. The maximum income that can be taxed at the basic rate of 20%, after the personal allowance has been deducted, is £32,000.

More on the taxation of dividends?

In the context of this article tax credit does not refer to the child or working tax credits – these are part of the benefits system. Tax credits in this article refer to a deduction made from your overall tax liabilities, usually at a fixed percentage rate of the relevant income.  

Stamp duty increase penalises home buyers

There has been much press commentary regarding the extra 3% Stamp Duty Land Tax (SDLT) and the 3% Additional Dwelling Supplement (ADS) – part of the Land and Building Transaction Tax in Scotland – that applies to the purchase of a second residential property by individuals in the UK from 1 April 2016.

Brexit: Pros & cons for the automotive, construction and agricultural industries

Put Britain and Exit together and you get – Brexit, according to Google Trends the most common word searched within the UK in February 2016. Social media has played the part of being Brexits home for debates, opinions and questions from the general public to enhance their understanding, ahead of the EU referendum on Thursday 23rd June 2016.

The buy-to-let property market

The buy-to-let market has been dominated by investors seeking a property pension, according to new research.