Following a busy summer it’s time for businesses to get back on track and the publication of Hallidays latest Tax Wire with news and reminders of what updates we need to be aware of following this year’s budget and other imporrtant financial tips.
Taxing dividends from April 2016
In the Summer 2015 Budget, George Osborne announced fundamental changes to the way in which dividends are taxed and HMRC have issued a factsheet setting out examples of how the new regime will work.
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National Minimum Wage rates and National Living Wage
The National Minimum Wage (NMW) is a minimum amount per hour that most workers in the UK are entitled to be paid. NMW rates increases come into effect on 1 October 2015.
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ATED updated procedures
Since 2013 a range of measures have been introduced to discourage the holding of residential property in the UK via companies, partnerships and collective investment schemes.
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HMRC targets wealthy ‘tax cheats’ in Scotland
A taskforce which aims to tackle wealthy ‘tax cheats’ who are living beyond their means in Scotland has been launched by HMRC.
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Advisory fuel rates for company cars
New company car advisory fuel rates have been published which took effect from 1 September 2015.
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Pension Schemes for Auto Enrolment
The Pensions Regulator (TPR) has published some guidance aimed at the 1.3 million small and micro employers who are preparing for pensions auto enrolment.
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