Entries by Nyman Linden

Spring Budget – 16 March 2016

This was the third Budget within the space of 12 months. It threatened to be the most difficult of the trio because of constraints imposed by June’s EU referendum and disappointing economic numbers. Nevertheless, the Chancellor managed to produce several surprises, including net tax cuts in 2017/18 and 2018/19 before reaching his often repeated goal […]

The third Budget in 12 months

This Budget looked as if it would be a difficult one for the Chancellor, faced as he was with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. What was to have been the big announcement – reform of pensions – was kicked into the long grass a few weeks ago. Nevertheless, […]

When Is Your Auto Enrolment Staging Date?

Over the next few months you will receive a letter from the Pensions Regulator informing you of your staging date. At that time there are certain formalities to adopt if you wish to start a scheme. If you are the sole Director of your company then it is not necessary to effect a scheme, however […]

Remove Restrictions From Your Tax Code

We understand that HM Revenue and Customs (HMRC) has begun the process of issuing 2016/17 tax codes and some of you may already have received yours. Where you have received a 2016/17 tax code, you may find that it includes a restriction to collect tax on estimated bank interest, other income and dividends to be […]

Autumn Statement – 25 November 2015

The Autumn Statement was full of surprises. One of the greatest was Mr Osborne’s U-turn over tax credit cuts, which saw him scrap the plan that he announced in the Summer Budget for next year’s proposed £4.4 billion cut to tax credits. In a bid to relieve the housing shortage, the Chancellor announced a three […]

How the new dividend rules may effect you

Many of you might be wondering how the summer budget announcement about Dividend Tax will affect you from 6 April 2016. Obviously this will vary from individual to individual and be dependent upon other income. The main highlights are:- The 10% tax credit is scrapped (Previously a net dividend of £9000 would be treated as […]

Summer Budget – 8 July 2015

The first Budget after a general election is traditionally the time for introducing unpopular measures. The Chancellor is not constrained by a coalition partner and has nearly five years until the next election. Mr Osborne’s stated aim is to move the UK from a low wage, high tax, high welfare economy to a higher wage, […]

UK Budget 2015 – A Summary

With polling day just over seven weeks away, Mr Osborne’s sixth Budget was always going to be heavily laced with politics. Some of the proposals the Chancellor announced may not survive to become legislation depending on the result of the election.