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Budget summary March 2017

Wednesday 8th March saw the first Budget by Philip Hammond. So was it a damp squib? Something to cause sleepless nights? Or did we get off lightly? We have set out the main important tax announcements here, going through what…

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The Autumn Statement 2016

On Wednesday, Philip Hammond, Chancellor of the Exchequer, delivered his first and last Autumn Statement. It makes sense to move the Budget to Autumn to ensure that any legislation is in place before the start of the tax year so…

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Trivial Benefits

As of 6 April 2016, employers can provide an employee or a member of his/her household with a benefit in kind, with no tax consequences, provided all of the certain conditions are met, deeming the benefit ‘trivial’.   Conditions A…

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The new SDLT headache

The new 3% additional rate of SDLT applies from 1 April 2016 and was expected to apply to second homes and buy to let investments by individuals. It was however, announced in Finance Act 2016, that the extra charge will…

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The Personal Savings Allowance

  Q: What is the Personal Savings Allowance and how can you claim it? A: From 6 April 2016 a basic rate taxpayer will be able to earn up to £1,000 in savings income tax free. Higher rate taxpayers will be…

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