Read our latest Practice News as well as sector specific and accountancy updates from across the UK.
Those who reached State Pension age on or after 6 April 2016 have the privilege of being the first recipients of the new, supposedly ‘flat rate’ State Pension. Although the headline flat rate has been set at £155.65 per week nearly everyone is receiving a different amount to this. There are a number of reasons […]
6 April 2016 saw the introduction of new dividend and savings allowances as well as revised rates of taxation on dividends. In a changing landscape for personal tax, it is crucial to understand the opportunities and pitfalls in the new regime. What is the new regime? Dividend Income Any dividends received by an individual on […]
There have been significant adjustments to the averaging legislation. As of 6 April 2016, farmers have the choice as to whether they average their profits over five years, two years or not at all. A ‘volatility test’ must be taken to check whether averaging over five years is an option. There are two ways of […]
On Tuesday night The Greaves West & Ayre team turned out for the opening game of the Berwick Charities Cup 2016 tournament. The final score of 8-3 does not reflect on how well they played for the first 65 minutes and we are all proud of their spirited performance. Berwick Charities Cup, informally known as […]
There are a number of welcome changes being made to the taxation of benefits on employees and directors with effect from 6 April 2016. The changes have largely arisen from the work of the Office of Tax Simplification. One in particular will provide much more certainty in the taxation of benefits – a new statutory […]