In his first Spring Statement, Chancellor Philip Hammond launched a consultation on a proposed review of the UK’s VAT scheme. The Chancellor had been tipped to announce wholesale changes to VAT thresholds last November as part of the budget, but because of representations from business organisations he swapped hard and fast plans for change in […]
Want to know what you can earn and save this year following the recent changes to personal tax free allowances? Here are the key elements: Personal Allowance With a new tax year comes the now usual change to the personal allowance. The Government looks set to continue with creeping increments to the amount that can […]
In 2016 dividend tax was introduced as a way of levelling up the tax system between employees, the self-employed and business directors/owners. The view of the then chancellor and his successor is that however you are employed and however much you earn, the tax system should be even handed. It was felt that whilst personal […]