3 things every business should do at tax year end
These are top 3 things you should as a business owner at the start of every tax year.
Tax
Making Tax Digital – Our Top 10 Resources
Making Tax Digital (MTD) is a UK government initiative that sets out a vision for the ending the traditional tax return. HMRC state that the main goal of Making Tax Digital is to make tax administration more effective, more efficient and simpler for taxpayers. Under the new initiative taxpayers will send HMRC summaries of their income and …
What is IR35?
IR35 has been receiving increased press coverage at the moment, for example the news about Ex-BBC Look North presenter Christa Ackroyd facing tax bill of £420k, which your can read on the BBC website, here, http://www.bbc.co.uk/news/uk-england-43074584 What is IR35 and how does it effect a contractor? IR35 is tax legislation that was introduced in 1999 …
Are you Tax Resident In Spain?
Tax planning is a much ignored but vital area for expats living or moving to Spain, particularly for your investments, pensions and estate. Without a personalised, effective tax mitigation strategy it can be very easy to sleep walk into a unknown and significant tax liability. If any of the following conditions apply the you are …
Spring Statement 2018: what you need to know
Yesterday the Chancellor of the Exchequer, the Rt Hon Philip Hammond MP, delivered his first Spring Statement to Parliament. The Chancellor used his speech to respond to the latest forecasts from the Office for Budget Responsibility and highlighted some areas of public consultation. The Spring Statement does not include any new spending or policy announcements.This …
Spain’s Overseas Asset declaration – Modelo 720 2018
The 31st March 2018 is the deadline for residents of Spain to submit their annual Form 720 (‘Modelo 720’) listing their overseas assets is upon us, you must act now. If you have previously submitted a form, you only need to declare assets if they have been sold or or appreciated in value. Who needs to …
Spain’s Overseas Asset declaration – Modelo 720 2018 Read More »
Dividend and tax strategies
For many freelancers and contractors with their own limited companies, dividend payments coupled with a basic salary are an effective and tax efficient way to maximise earnings. Dividends are the sums of money paid out by a limited company to its shareholders. HMRC sets the tax rate on all dividends received. These sums are calculated …