Some companies will have deregistered for VAT at the end of March 2017 following changes to the flat rate scheme, please read our article about this. Essentially businesses that were benefiting from the tax savings of the flat rate scheme will have deregistered to avoid the new 16.5% rate for limited cost traders, which took effect on 1 April 2017.
What happens once I have deregistered?
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We previously covered the changes that were due to come into effect on 6 April 2017 that affected the long term UK residents who would soon become deemed-UK domicile for tax purposes. The idea of this was to remove the advantage held by non-UK individuals and to level the playing field in terms of UK taxation.
How do you qualify for the status of UK domicile? Read more »
There seems to be an awful lot of news happening recently with the surprise general election being called by Theresa May as well as Brexit still being a key topic of discussion on a daily basis.
What does the general election mean for proposed changes to probate fees? Read more »