The rules for taxing dividends changed radically from 6 April 2016, with the removal of the 10% notional tax credit and the introduction of new rates of tax on dividends.
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Under new rules due to come in on 1 October 2019, builders, sub-contractors and other trades associated with the construction industry will have to start using a new method of accounting for VAT.
HMRC propose to restrict the availability of “rent a room” relief to situations where the taxpayer is living in the let property for at least some of the time that the accommodation is let.
Thank you Andy Holloway for recommending GreenStones.
One of the announcements in the Spring Statement was the possible demise of the 1p and 2p coins and the £50 note, but for different reasons.
The Office of Tax Simplification (OTS) have been tasked with carrying out a review of Inheritance Tax (IHT) with a view to simplifying how the tax operates.