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NIC for self-employed to rise

by | Apr 7, 2017 | ACCA, budget, business taxation

Changes aim to align national insurance contributions and income tax. One of the significant features of the Budget is the changes for the self-employed. The nod to national assurance alignment and increases in national insurance contributions (NIC) will be...

VAT thresholds – and other changes

by | Mar 28, 2017 | ACCA, budget, VAT

Increases could delay VAT registration for 4,000 small business. From 1 April 2017 the VAT registration threshold will increase from £83,000 to £85,000 and the deregistration threshold from £81,000 to £83,000, in line with inflation. Also, the registration and...

Class IV NI rises scrapped

by | Mar 16, 2017 | budget, business taxation

Yesterday it was announced by the Prime Minister the Class 4 NI increases for Self Employed (sole traders and partners, not company directors) announced in last weeks budget are not going ahead. They were originally proposed at 1% from April 18 and 1% from April 19....

Autumn Statement 2016

by | Nov 29, 2016 | budget

Our latest technical briefing, including a look at important content in the Autumn Statement, is now up at: Autumn Statement 2016 Key things that may interest our clients are: Flat Rate VAT scheme restriction – eliminates it for most PSCs Confirmation of the new...
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