Read the Latest NLP Newsletters

The latest NLP newsletters have been published this week. As ever, there are two newsletters covering key developments in personal and business finance. The Personal Tax Newsletter includes articles about planning for Inheritance Tax and Pensions tax relief. Landlords will find information about furnished holiday lettings and how they can be used as a tax-free … Read more Read the Latest NLP Newsletters

Business and Tax Round-up

Government scraps its plans to abolish Class 2 NICs The government recently scrapped its plans to abolish Class 2 national insurance contributions (NICs). They were originally due to be abolished in April 2018, but the plans were delayed for a year until April 2019. The government has now announced that Class 2 NICs will not be … Read more Business and Tax Round-up

Read the Latest NLP Newsletters

The latest NLP newsletters have been published today. As ever, there are two newsletters covering key developments in personal and business finance respectively. The Personal Tax Newsletter contains vital information regarding the Requirement to Correct. Anyone with undeclared overseas income has until the 30th of September to amend their records. The mailout also covers recent … Read more Read the Latest NLP Newsletters

Making Tax Digital: Where Are We Now?

The government’s landmark Making Tax Digital (MTD) for business initiative is set to take effect from 1 April 2019, beginning with MTD for VAT. Here, we take a look at the latest position, and consider the recent delay to some of HMRC’s new digital services. MTD for business: an overview The MTD for business initiative … Read more Making Tax Digital: Where Are We Now?

UK votes to leave EU – What next?

As the nation digests the reality of an EU exit and with Prime Minister David Cameron handing in his resignation, we now face a period of uncertainty in both our business and our personal affairs. It is important for us to turn our attention towards how Brexit will affect key accountancy issues, including tax and help … Read more UK votes to leave EU – What next?

Taxpayers benefit from Lloyds dividend

Lloyds Banking Group has paid its first dividend to shareholders since it was bailed out in 2008, a total of £535 million. In what Chancellor George Osborne has called a ‘major milestone’ for the British economy, the Treasury’s 23.9% stake in Lloyds will pay out £130 million. Mr Osborne said: ‘This is good news not … Read more Taxpayers benefit from Lloyds dividend

Changes to Tier 1 (Investor) Visa

There have been sweeping changes to the Tier 1 (investor) visa offered by the Government.  From November 2014, the £1 Million Investment route will be replaced by the a new 2 Million Investment route. Existing migrants with Tier 1 (Investor) statuses will not be affected by these changes. New applicants wishing to join this route … Read more Changes to Tier 1 (Investor) Visa