VAT flat rate changes
Important changes to the VAT Flat Rate Scheme came into effect from April 2017. HMRC have introduced a new flat rate of 16.5% which must be used by a “Limited Cost Trader” irrespective of their industry sector.
DetailsImportant changes to the VAT Flat Rate Scheme came into effect from April 2017. HMRC have introduced a new flat rate of 16.5% which must be used by a “Limited Cost Trader” irrespective of their industry sector.
DetailsA deal has been made to pass the Scottish Budget. The agreement reached means that income tax rates for high earners who live in Scotland will not increase. However the higher rate tax threshold (the rate at which tax payers start paying 40% tax) will be frozen.
DetailsOur Salary and Dividend factsheet gives details of our recommendations for taking a salary and dividends from your limited company. Everyone is different – the solution given here is generic.
DetailsAll too often shareholders are presented with a tax bill larger than anticipated because they’ve paid out dividends in the incorrect tax year. It’s important to remember that Dividends are reported on your self assessment by tax year.
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