The full amount of state pension is currently £155.65 a week for those retiring after 5 April 2016, and it is generally an improvement over the old basic state pension.
Author Archives: myersclark
The government has published its response documents to the Making Tax Digital consultation.
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Use or Lose Your Tax Allowances
With the 31 January deadline looming, you are probably very aware that a late return or tax payment could mean a penalty. If you miss the opportunity to claim exemptions and reliefs by the end of the tax year, it could cost you more than the £100 penalty. There are only a few months left until the end of the tax year, and we encourage you to investigate and make use of the following tax efficiencies before 5 April 2017 comes around.
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Business Five-A-Day
Your business needs its five a day just as much as you. Except for your business, it’s the five key performance indicators (KPIs).
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New National Minimum Wage and National Living Wage Rates
On 1 April 2017, the new National Minimum Wage and National Living Wage rates will be updated.
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The Gig Economy: Reining in a Giant
It’s been hard to miss the news coverage given to the tribunal decision on the employment rights of Uber drivers.
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Overdue Corporation Tax up 15% to £1.82bn
A report from Funding Options found that the amount of overdue corporation tax for UK businesses increased 15% in the last year.
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Changes to Non-Domicile Status
If you’re completing your tax return for the January deadline you might need to know that the government had revealed more details of how the proposed changes to non-domicile status will work.
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Autumn Statement – 23rd Nov 2016
Early predictions about what the Chancellor would enact were vague, and often upstaged by the ongoing quarrels over how and when to leave the European Union.
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An Update on Savings and ISAs
With interest rates on offer to savers continuing at record lows, the government has been busy introducing various tax incentives to encourage saving. However, these don’t always quite work out as intended.