July 2014
Getting younger?
None of us are! And at some point we have to start considering that taboo subject of potential inheritance Tax liability on our estates. Very broadly speaking, there is nil rate band on net value up to £325,000 per person. The rate thereafter is 40%. A married couple can expect to automatically share twice that […]
RTI – interest and penalties
RTI has been with us for a while now. Interest charges already apply and penalties are on their way. Interest Employers who pay their PAYE deductions late are subject to a new, automatic, interest-charging regime. Interest is added automatically to the employer’s tax account. It is now possible to set up access to your HMRC […]
The secret of association
From 1 April 2015 the small profits rate will be unified with the main rate, so there will be only one Corporation Tax rate for non-ring fence profits – set at 20%. The disappearance of the marginal rate of Corporation Tax will mean that if there is a commercial logic for separating business activities into […]
