13 Oct The Construction Industry Scheme

HMRC has launched new online forms for sole traders and partnerships claiming repayments of subcontractor deductions during the current tax year. There is separate HMRC guidance for sole traders, partnerships and companies. Limited companies registered outside of the UK must register with HMRC’s non-resident specialist...

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05 Oct Personal Savings Allowance

The Personal Savings Allowance (PSA) was launched on 6 April 2016. For basic-rate taxpayers the first £1,000 interest on savings income will be tax-free. For higher-rate taxpayers the tax-free personal savings allowance will be £500. Anyone earning over £150,000 will not benefit from the PSA.

Interest from...

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05 Oct Help to Buy sales update

The latest statistics on the uptake of the Government’s flagship Help to Buy schemes were published on 29 September 2016. The figures show that over 185,000 homes have been bought since the schemes were first launched in October 2013.

Some of the headline figures include: