By Tom Maxwell In BlogPosted 21/03/2016 Countdown to the NNBC Business Awards 2016 Wright Vigar are once again delighted to be sponsoring the North Notts. Business Awards 2016. Applications closed on Friday 15 January 2016, and the judges then locked themselves away in a [...] 0 Read More
By Tom Maxwell In Blog, Treasury UpdatesPosted 17/03/2016 Budget 2016 – Full Budget Report The Budget 2016 Before George Osborne unveiled his Budget on Wednesday 16 March 2016, there was much debate as to how sweeping the changes would be, and just how far-reaching the consequences. It [...] 0 Read More
By Tom Maxwell In Blog, Treasury UpdatesPosted 16/03/2016 Budget 2016 – Initial ‘Headlines’ Personal Tax Allowances The Personal Allowance will increase to £11,500, and the higher rate threshold will rise to £45,000 in April 2017 The Personal Allowance is the amount of income you can [...] 0 Read More
By Tom Maxwell In Blog, Treasury UpdatesPosted 16/03/2016 Budget 2016 – Stamp Duty Land Tax Stamp Duty Land Tax (SDLT) – additional properties As previously announced, the government will introduce higher rates of SDLT on purchases of additional residential properties from 1 April [...] 0 Read More
By Tom Maxwell In Blog, Treasury UpdatesPosted 16/03/2016 Budget 2016 – Corporation Tax Loans to participators The loans to participators rules aim to prevent owners of close companies avoiding Income Tax and National Insurance contributions by remunerating themselves through loans [...] 0 Read More
By Tom Maxwell In Blog, Treasury UpdatesPosted 16/03/2016 Budget 2016 – Personal Tax The Personal Allowance will increase to £11,500, and the higher rate threshold will rise to £45,000 in April 2017 The Personal Allowance is the amount of income you can earn before you start [...] 0 Read More
By Tom Maxwell In Blog, Treasury UpdatesPosted 16/03/2016 Budget 2016 – Capital Gains Tax Capital Gains Tax (CGT) Cuts to Capital Gains tax rates from 6 April 2016 but residential property still taxed at current rates From 6 April 2016, the rates of capital gains tax suffered by [...] 0 Read More
By Tom Maxwell In Blog, Treasury UpdatesPosted 16/03/2016 Budget 2016 – Other notable announcements Soft drinks industry levy A new soft drinks industry levy is set to be introduced from April 2018. This will be paid by producers and importers of soft drinks that contain added sugar, but there [...] 0 Read More
By Tom Maxwell In Blog, Treasury UpdatesPosted 16/03/2016 Budget 2016 – Business Rates Welcome cuts to business rates for small businesses From April 2017, small businesses that occupy property with a rateable value of £12,000 or less will pay no business rates. Currently this full [...] 0 Read More
By Tom Maxwell In BlogPosted 10/03/2016 Auto enrolment – should I panic yet? The Governments’ Pension Reforms continue to have a significant impact on employers as small employers are, for the first time, having to automatically enrol eligible employees into Workplace [...] 0 Read More