corporation tax

Keep your company’s tax rate low

Keep your company’s tax rate low

August 16, 2023

Keep your company’s tax rate low Corporation tax rates have risen since 1 April 2023 There are some exceptions. For example, if you own an investment company. All its profits may be taxable at 25%, irrespective of the level of profits. These profit thresholds are reduced where there are ‘associated companies’ (broadly, companies under common

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Rise Increase Rates

Rise in Interest Rates for the first time in 10 years

November 10, 2017

Rise in Interest Rates Last Week for the first time in more than 10 years, the Bank of England has raised interest rates.   The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007 and according to Mark Carney, the Bank of England Governor, it is likely to

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When must a business register for VAT

October 17, 2017

  A business should register for VAT if their ‘Taxable Supplies’ over the past 12 months have exceeded the VAT registration threshold. From April 2017, the VAT registration threshold has been £85,000. Therefore, if at the end of any month, the total value of all the taxable supplies over the previous 12 months is greater

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Buy to Let Interest Relief

September 23, 2015

Buy to Let Interest Relief: Currently, this is just a ‘Policy Paper’ but the plan is to restrict individuals on claiming mortgage interest as a cost against their property investment income, for individuals it will work as follows: 2017/18 75% of the interest can be claimed in full and 25% will get relief at 20%

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