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Making Tax Digital

Are you ready for Making Tax Digital? What is Making Tax Digital? Making Tax Digital is the one of the biggest changes for small businesses in recent years and will completely modify the way you are required to submit your records to HMRC. Making Tax Digital will affect the majority of businesses including sole traders.…

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Practice Accounts Semi Senior/Trainee Accountancy Vacancy

Current Accountancy Vacancy MFA Accountants Limited based in Fareham are looking for a semi senior with at least 3 years experience. Previous Accountancy Practice background with experience in general accounting duties that would be expected within an SME group. We can offer an excellent long term job with great promotional prospects and support as you progress…

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Taxation of Dividends after 5 April 2016

The UK Government have announced changes to the way dividends are taxed for UK individual taxpayers. The main changes are: The 10% dividend tax credit is abolished for dividends received on or after 6th April 2016 and is replaced by a new tax-free Dividend Allowance The Dividend Allowance means that the first £5,000 of dividend…

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Summer Budget 2015

1. Personal Allowance increase The government will increase the income tax personal allowance from £10,600 in 2015-16 to £11,000 in 2016-17. It will increase to £11,200 from 2017-18. The government will legislate to ensure that once the personal allowance reaches £12,500 it will be uprated in line with the National Minimum Wage (NMW), ensuring that…

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Boost for Osborne as rising tax take lifts UK public finances

Strong tax revenues in May provided George Osborne with a boost as the public finances improved faster than expected at the start of the 2015-16 financial year. Strong retail sales in May helped push value added tax revenues up 5.6 per cent in that month with 5.3 per cent growth in income tax and capital…

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Rise in FTSE 100 companies disclosing UK tax information

Demands for greater transparency from business about their tax affairs have prompted more than half of all FTSE 100 companies to disclose information about their approach to taxation, compared with less than a third two years ago. The rise in disclosures is a sign of the increased pressure on companies to give more information to…

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More UK tax evaders going to jail but prison terms are falling

More people are going to prison for tax evasion in the UK, according to official statistics, but the average length of these jail terms has fallen sharply over the past four years. The total number of tax evaders jailed has risen by 29 per cent, from 171 in 2011, to 220 last year. The average…

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Doctors call for new tax on sugary food and drinks

Doctors have called for the introduction of a tax on sugary food and drinks to tackle what they describe as an “obesity epidemic”. The Royal College of Physicians of Edinburgh warned that being overweight may now be considered “the norm”. It claimed a tax would help fund the “spiralling” healthcare costs associated with the problem.…

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