Mortgage Tax Relief

Mortgage Tax Relief

TAX IMPACT ON LANDLORDS The government announced in April 2015 to cut mortgage relief and this will become reality next month so what will be the impact ? Landlord already are reeling from the following changes which has an adverse affect on the net yields 1) Wear and...
Making Tax Digital

Making Tax Digital

By 2020, HMRC will have moved to a fully digital tax system where: bureaucratic form-filling is eradicated as taxpayers should never have to tell HMRC information it already knows; Unnecessary time delays are eliminated — the tax system operates much more closely to...

National Insurance Rates

Class 1 National Insurance thresholds Employers and employees pay Class 1 NI depending on how much the employee earns. You can view these earnings thresholds by week (table 1.1) or by month (table 1.2). 1.1 Weekly thresholds £ per week 2016 to 2017 2015 to 2016 2014...

Capital Gains Tax Rates

Capital gains is the least common tax on income, and for many it won’t apply. However, if you sell or give away an asset worth more than £6,000, you could have to pay CGT. It doesn’t apply for main homes, cars or lottery/pools winnings, among other things....