The below article will provide some guidance on the procedures and some practical issues involved in making dividend payments by the directors of small limited companies. Procedure for valid dividend payment? The company’s Articles of Association govern the payment of dividends. There are essentially/mainly two types of dividends: – Final dividends – Interim dividends Final
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February 27, 2020
Changes to capital gains tax payment for UK property sales
Changes to capital gains tax payment for UK property sales The deadlines for paying Capital Gains Tax after selling a residential property in the UK are changing from 6 April 2020. Disposal of UK Residential property by a UK Resident From 6 April 2020, if you’re a UK resident and sell a residential property in
February 13, 2020
HMRC new guide for the non-UK resident companies
From 6 April 2020, Non-UK resident companies including those who invest in UK property through collective investment vehicles will pay Corporation Tax instead of Income Tax on profits from UK property. This will not apply to you if you: – Have tax deducted under the Non-resident Landlord Scheme and are not required to file a
February 6, 2020
Changes in the rules in relation to disposal of residential property by non-residents
From 6 April 2020 UK residents who sell a residential property that gives rise to a capital gains tax (CGT) liability must send a new standalone online return to HMRC and pay the tax due within 30 days of completion of the sale. The new filing and payment time frame is different from the current
April 25, 2019
European Union agrees minimum rights for gig economy workers
The European Union has announced an agreement on minimum rights for workers who are in casual or short term employment within the gig economy.
April 18, 2019
Government announce further support for UK businesses
The Government has announced a further wave of financial support for UK businesses in a bid to ensure that innovative firms are able to access the finances they need to grow.
April 18, 2019
Changes to IR35 rules from April 2020
HMRC has provided a list of how to prepare for the changes of the off-payroll working rules starting from 6 April 2020 that will help to guide medium sized and large business within the private sector. The changes will make the involved organisations in control of taking decision if IR35 applies to services they receive
April 11, 2019
Government names and shames high street giant over late payments
The Government’s Small Business Commissioner Paul Uppal has named and shamed high street health food giant Holland & Barrett over their payment practices.
April 4, 2019
Government launches consultation on tackling SME R&D relief abuse
The Government has launched a consultation on changes to research and development (R&D) tax credits which are intended to prevent businesses from abusing the scheme for small or medium-sized enterprises (SME).
March 28, 2019
Barclays announce £14 billion funding to support UK businesses
Barclays bank has announced plans for a major lending fund worth £14 billion pounds, which will help small and medium enterprises (SMEs) to flourish once the UK has left the European Union (EU).