The attached tables contain the proposed tax rates and allowances for 2018/19.

For those of you planning ahead for 2018/19 the proposed rates are a useful point of reference. Maybe you are considering remuneration planning options or perhaps looking to purchase a new car? If so then the information on the income tax and NIC bands, reduced dividend allowance, increased car benefits rates and revised limits on car CO₂ emissions for capital allowances will be particularly useful.

Please be aware that these rates are not yet final. We will be providing you with the finalised 2018/19 rates and allowances following the Spring Statement which will take place on Tuesday 13 March 2018. Please contact us if you require advice in the meantime.

Proposed Tax Rates and Allowances 2018-19

Our Information Factsheets have been updated following announcements made by the Chancellor in the Autumn Budget.

Following yesterday’s Budget, our concise, easy to understand, summary is now available to view.

November 2017 Budget

Our Client Information Factsheets have been updated to reflect recent changes in taxation and accounting issues.

 We have also added three new titles:

Data Security General Data Protection Regulation

Data Security General Data Protection Regulation Preparation

Micro Entity Accounting

Let us help you minimise your tax bill

In these difficult economic times it is important to ensure that you are not paying more tax than you need to.

We have now updated our tax planning guide for 2017/18 which is your personal reminder of key tax planning points. This guide suggests many ways in which you can save money on your tax bill by taking full advantage of the tax system.  It highlights tax planning opportunities as well as some of the pitfalls you should avoid. For example:

• Have you reviewed your savings to take account of the Savings Allowance and the Dividend allowance?
• Have you taken account of the changes to the tax relief due on finance costs on buy to let properties from April 2017?
• Are you maximising your capital gains tax reliefs?
• Are you making the most of tax […]
  

Our useful Information Factsheets have been updated to reflect the tax year end and Budget 2017 announcements.

Plans to increase National Insurance rates for self-employed people – announced in the Budget last week – have been dropped.

Chancellor Philip Hammond announced on Wednesday that he would not be raising Class 4 National Insurance contributions as he had planned to in last week’s Budget.

Class 2 National Insurance contributions will still be abolished from April next year.  They are paid at a flat rate of £2.80 a week by anyone making profits of more than £5,965 a year.

Our tax card is intended for use as a quick point of reference. Should you require any further information, have a simple question or require detailed advice we are only a phone call away

Tax Card

Budget Book

On Wednesday 8 March 2017 Philip Hammond delivered the last Spring Budget speech of this Government. So what exactly did the Chancellor say and, more importantly, what did it actually mean?

Budget announcements contain many fundamental taxation changes which will affect business and personal lives for the year to come. Written in plain English, we have broken the summary down into the main areas of taxation, including business and corporate, employment, personal and capital. We have also included comments on the more important changes, together with any planning points that may arise.

The summary provides an invaluable update for you and will help you get to grips with the changes. It will remain on our site for you to refer to as and when you need it but if you have any questions, don’t forget we are here to help you navigate […]

We have added two new titles to our current Factsheets:

Charities in Scotland – Trustees Responsibilities

Small Company Accounting

Check out our ‘Information Fact Sheets’ tab for more titles