Tax Tips & News

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01/12/2016

December Tax Tips & News

Welcome to the Sherwoods Ltd Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.

If you need further assistance just let us know or send us a question for our Question and Answer Section.

We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here to help!

The Autumn Statement 2016
Chancellor Philip Hammond has delivered his Autumn Statement 2016, which is the first major review of government finances since the EU Referendum, and Mr Hammond's first major statement since taking responsibility for the work of the Treasury in July 2016 Read More...
 
HMRC clarify pre-registration of VAT policy
HMRC have recently published Brief 16 (2016), entitled Treatment of VAT incurred on assets that are used by Read More...
 
Employment Allowance consultation launched
HMRC have launched a technical consultation on proposals to restrict the Employment Allowance Read More...
 
Real living wage increase takes effect
The official living wage rate has increased by 20p per hour to £8.45 an hour (£9.75 in London), which is higher than the UK-wide official National Living Read More...
 
Caps on income tax relief
In general terms, providing a business is undertaken on a commercial basis with a view to making a profit, tax relief should be Read More...
 
December Questions and Answers
Q. My wife doesn't work. Can she transfer her unused personal tax allowance to me? Read More...
 
December Key Tax Dates
19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/12/2016 Read More...
 
About Us

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