City Accountants Ltd

Do you need to do a Self Assessment tax return? You can find out by using our quick and easy online tool here: https://www.gov.uk/check-if-you-need-tax-return?&utm_source=f.co_hmrcgovuk&utm_medium=social_&utm_campaign=self_assessment

Child Benefit is available to anyone responsible for bringing up children - and there's no cap on the number of children that can be claimed for. Find out more about this and all of the other financial support available to families https://costoflivingsupport.campaign.gov.uk/help-with-childcare-costs/?&utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=child_benefit&utm_content=9654

https://www.bbc.co.uk/news/business-54908037

Capital gains tax: Rate should double, says government review The chancellor commissioned the report in July as part of efforts to cover Covid-19 costs.

http://www.contractorcalculator.co.uk/hmrcs_ir35_tool_wont_stand_court_529610_news.aspx

HMRC’s IR35 tool won’t stand up in court, claims leading tax expert HMRC’s tool won’t stand up in court, and contractors could suffer greatly due to uncertainty in the supply chain, warns Jason Piper of ACCA.

http://www.bbc.co.uk/news/business-38082535

Autumn Statement shows cost of casual work 'gig economy' - BBC News The Autumn Statement shows how the UK's "gig economy", powered by casual work and self-employment, is starting to hit government revenues.

http://www.bbc.co.uk/news/business-38090977

Autumn Statement: Living standards 'worst since the war' - BBC News Living standards this decade are "the worst since the last war" and the outlook for wages is dreadful, the IFS says.

With Brexit almost official it is possible interest rates may be brought down to calm down the after effects.

Will Basic Rate band increase to £50,000?

Read more: http://www.which.co.uk/news/2016/03/budget-2016-what-can-we-expect-435906/ - Which?

Budget 2016: what can we expect? - March - 2016 - Which? News Speculation surrounding changes to pension tax relief has been quashed by Treasury sources, but there are still plenty of tax announcements we can expect.

Past and forgotten?
http://www.dailymail.co.uk/news/article-3176694/PM-s-crackdown-foreign-criminals-buying-UK-homes-dirty-money-Cameron-announces-clampdown-overseas-buyers-anonymous-companies.html

PM's crackdown on foreign criminals buying UK homes with 'dirty money' The Prime Minister will use a speech in Singapore to call for a global effort to tackle corruption – ‘one of the greatest enemies of progress in our time’.

Five tips to minimise tax on dividends after new 7.5% tax on dividends above £5,000 for basic rate tax payers.

1. Ensure you use the annual tax-free dividend allowance

2. Make the most of each spouse's income tax allowance and tax bands

3. Make use of ISAs

4. Be clever with yield

5. Reduce other income

For details contact City Accountants!.

His Budget was "a plan for Britain for the next five years to keep moving us from a low wage, high tax, high welfare economy; to the higher wage, lower tax, lower welfare country we intend to create".
http://www.bbc.co.uk/news/uk-politics-33437115

Budget 2015: Osborne commits to national living wage - BBC News Chancellor George Osborne unveils billions in welfare cuts but announces a national "living wage" of £9 an hour by 2020 in his first Conservative Budget.