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Health Check: The Construction Industry

Posted By: AccountancyManagers / 0 Comments
Posted On:May 26th, 2016

The construction industry has been going through a lot of change in recent years and the signs from HM Treasury and HMRC is there is still more to come. With this in mind, it seems like a good time to take stock and look at the issues we’re seeing concerning clients and what HMRC are focusing on in CIS compliance visits, before considering what could be on the horizon.

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AccountancyManagers

Accountants in London | Tax Accountants | Accounts Production

Tax Breaks – Don’t Miss Out

Posted By: AccountancyManagers / 0 Comments
Posted On:May 25th, 2016

The Chancellor of the Exchequer delivered his Summer Budget to Parliament on 8th of July 2015. Here are key updates from this budget;
Dividend taxation – all change from April 2016
The tax regime for dividends will change for 2016. This sees the abolition of the dividend tax credit of 10%, a dividend tax-free allowance and tax rates for dividend receipts.

Dividend tax allowance £5,000
Basic rate taxpayers 7.5%; you will pay personal tax on dividends on basic tax band
Higher rate taxpayers 32.5%
Additional rate taxpayers 38.1%

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AccountancyManagers

Accountants in London | Tax Accountants | Accounts Production

Tax on Dividends

Posted By: AccountancyManagers / 0 Comments
Posted On:May 25th, 2016

The Chancellor of the Exchequer delivered his Summer Budget to Parliament on 8th of July 2015. Here are key updates from this budget;
Dividend taxation – all change from April 2016
The tax regime for dividends will change for 2016. This sees the abolition of the dividend tax credit of 10%, a dividend tax-free allowance and tax rates for dividend receipts.

Dividend tax allowance £5,000
Basic rate taxpayers 7.5%; you will pay personal tax on dividends on basic tax band
Higher rate taxpayers 32.5%
Additional rate taxpayers 38.1%

Published By-

AccountancyManagers

Accountants in London | Tax Accountants | Accounts Production