Yesterday, the Chancellor announced his second Budget of 2017. Among the key changes to note for this year are: The personal allowance will rise to £11,850 and the higher rate tax threshold for the UK will rise to £46,350 for 2018/19. Automatic enrolment pension minimum contributions increase significantly from 6 April 2018. Employer’s minimum contribution … Continue reading Autumn Budget 2017: What you need to know
Following on from the Chancellor's first and last Spring Budget, we are pleased to provide you with our summary of the key announcements, along with our tax tables for the 2017/18 tax year: The main changes include: The tax-free dividend allowance will be reduced from £5,000 to £2,000 from April 2018. Class 4 national insurance contributions … Continue reading 2017 Budget Review
The introduction of VAT on self-storage in October 2012 is still having ramifications! As the legislation referred to self-storage, it was not fully understood what impact it would have on other trade sectors. Although the legislation was termed self-storage, HMRC defined the granting of facilities to a person, for the storage by them of goods, … Continue reading Are you aware that you have to charge VAT for storage space?