From 6 April 2016, any dividends you receive up to £5,000 are tax-free. Dividends received in excess of this amount will be taxed as follows. If they form part of your: · Basic rate tax band – taxed at 7.5% · Higher rate tax band…
Author: Dev15
Companies House filing deadlines and penalties
A reminder that you will have to pay penalties if you don’t file your accounts with Companies House by the appropriate filing deadline. Generally speaking, accounts will need to be filed nine months after a company’s financial year end. The penalties for private limited companies…
Cherie Blair leads failed High Court bid
The removal of mortgage interest relief from tax deductibles for the UK’s buy to let landlords is set to begin its remorseless impact on landlord’s cash flow from April 2017. For Steve Bolton and Chris Cooper, this tax change was step too far. They approached…
Are you paying rates on second homes or empty property
You may like to check out the following points. In many cases it would seem that local authorities have overall control over who can, or cannot, claim for reduced rates. Second homes You may pay less Council Tax for a property you own or rent…