by Nouman Shahzad | Mar 20, 2017 | Tax
If an individual sells his business, and if he qualifies for entrepreneurs’ relief, he is subject to capital gains tax (CGT) at the rate of 10%. But can he improve his position by using the sale proceeds to invest in the enterprise investment scheme (EIS)? This would...
by Nouman Shahzad | Mar 17, 2017 | Tax
Businesses take out key person insurance (‘KPI’) for a variety of reasons and it is common commercial practice, so one might think that the tax treatment would follow a well-trodden path. This article explores why that may, or may not, be so. The fact is that there...
by Nouman Shahzad | Mar 16, 2017 | Budget 2017, Tax
A stronger, fairer, better Britain were the themes of the Budget. You can read the individual measures below. Rates and allowances 2016/17 2017/18 £ £ Income tax rates – (non-dividend income) 0% lower rate tax – savings rate only Up to 5,000 Up to 5,000...
by Nouman Shahzad | Mar 15, 2017 | Tax
The 2015/16 self-assessment tax return must have been filed online by 31 January 2017 to avoid a late filing penalty. This is also the deadline for paying any outstanding tax and self-employed National Insurance contributions for 2015/16, and also the date by which...
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