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VAT FLAT RATE SCHEME : ALL CHANGE

As you may be aware HMRC decided to curb on businesses who use the Flat Rate Scheme and introduced “Limited cost businesses” from 1 April 2017 If you’re a limited cost business, you should use the flat rate of 16.5%. There’s a simple calculator available to help businesses work out whether they’re a limited cost […]

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Budget 2015 – “Post Election”

George Osborne delivered his seventh Budget as chancellor on 8 July 2015 Personal taxation and pay New national living wage will be introduced for all workers aged over 25, starting at £7.20 an hour from April 2016 and set to reach £9 by 2020 – giving an estimated 2.5 million people an average £5,000 rise […]

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National Minimum Wage (Oct 2014)

The national minimum wage will increase by 19p an hour to £6.50, the government has announced. The new rates will be implemented in October 2014. It is the first time in six years that the rise will be higher than inflation. The rate for 18 to 20-year-olds will go up by 10p to £5.13 an […]

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