Posts by Paige Collins
Analysis of the projected outcomes of the government’s tax policies show an expected increase to the number of higher rate personal taxpayers, with the corporate tax yield expected to grow substantially. Income tax The default policy for income tax has generally been to increase thresholds in line with inflation. This...
Directors’ loans and potential benefits
Business owners could seek to earn interest on directors’ loans with little-to-no tax implications. Although...Neglected Child Trust Funds lying unclaimed
A recent investigation into Child Trust Funds (CTFs) by the National Audit Office (NAO) has...Business turnover threshold changes
With basis period reform now underway, HMRC is looking at further tax simplification for sole...
Paper tax returns are under review by the HMRC with more than 12 million taxpayers now filing self-assessment tax returns.
Dividend payments can be taken out of a limited company by the director only if the company has distributable profits.
Setting up a business requires a great deal of thought, but it offers a great opportunity if you have been...
Most directors and employees will already have been issued a tax code for the 2023/24 tax year, and it is...
HMRC continues its debt enforcement, collecting more tax owed and increasing winding-up petitions filed against companies.
The eligibility for some bereavement payments has now been extended to unmarried couples, but there are two major caveats. Where...
