Blog Archive

The Budget 2017

Posted on March 13th, 2017 by lauren | No Comments

The Chancellor Philip Hammond presented the last Spring Budget on Wednesday 8 March 2017. Here we detail the key changes to both personal and business tax. Personal Tax – Key Points The personal allowance is currently £11,000. Legislation has already been enacted to increase the allowance to £11,500 for 2017/18. The basic rate of tax

Impatient HMRC to collect dividend tax early

Posted on February 19th, 2016 by lauren | No Comments

Many company directors will soon be receiving PAYE coding notices for 2016/17, meaning the tax due on dividends drawn will be collected through PAYE. The rules on dividends are set to change from 6th April 2016. Up to now as a company director you could take your personal allowance plus just over £31,000 in dividends