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Budget – March 2017 – Personal Tax

The personal allowance The personal allowance is currently £11,000. Legislation has already been enacted to increase the allowance to £11,500 for 2017/18. Tax bands and rates The basic rate of tax is ...

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Budget – March 2017 – Business Tax

Making Tax Digital for Business (MTDfB) Extensive changes to how taxpayers record and report income to HMRC are being introduced under a project entitled Making Tax Digital for Business. The governmen ...

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New Lifetime ISA

The Lifetime Individual Savings Account (ISA) is a longer term tax-free account that receives a government bonus. The accounts will be available from 6 April 2017. HMRC have produced a helpful guide o ...

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Year end tax planning

With the end of the tax year looming there is still time to save tax for 2016/17. We have set out some points you may want to consider. Make full use of your ISA allowance – ISAs can offer a use ...

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