There are lots of benefits associated with pension saving, and one of the greatest is reduced tax. When saving into your pension program, the government will reward you for saving for the future in the form of tax relief. All the money that you direct to your pension scheme receives basic rate tax relief at […]
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The government relies on taxes to fund development projects, offer medical services, and improve security, among other things. If you earn any income or capital gains, you are required to pay income tax. Ordinarily, taxes are automatically deducted from salaries, savings, and pensions. If you are self-employed or earn additional income that is not automatically […]
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If you are working in the UK’s construction industry, then you may have heard of the new VAT reverse charge system coming 1st March 2021. To understand how the changes may affect you – we’ve put together a summary. The full name of the new system is the “VAT domestic reverse charge for building and […]
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[UPDATE: With the Prime Ministers announcement for a 2nd lockdown, starting Thursday 4th November, the Coronavirus Job Retention Scheme (Furlough scheme) has been extended. The statement from the HM Treasury and the Chancellor also confirmed that the Job Support Scheme (JSS) which had been due to launch on 1 November, will not start until the […]
Continue reading![Avoid Non-sterling Transaction Fees [Case Study]](https://www.dsburge.co.uk/wp-content/uploads/2019/08/Non-sterling-reconciliation-300x169.png)
Everyone appreciates being able to save their business money and reduce unnecessary expenditure. One area of your business that you can focus on to quickly and easily save money is to reduce bank fees. Specifically, if you can avoid non-sterling transaction fees you’d typically get charged for your foreign currency payments. What is a […]
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As the internet makes it increasingly easy to buy and sell goods and services abroad, overseas transactions are becoming commonplace for many of our small business clients. Here we look at how to deal with these transactions from the perspective of UK VAT.
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In his Summer Budget last July, George Osborne announced new restrictions on tax relief for buy-to-let investors that will make it much harder for those in low-rental yield areas to turn a profit. What are the changes? Wear and Tear Allowance – The first change to come into affect is the abolition of the Wear […]
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The surprise announcement by George Osborne in his Summer Budget in July was his reform of the taxation of dividends that is scheduled to come into effect from 5 April 2016.
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As announced by George Osbourne in 2013, non-UK residents will have to pay capital gains tax on their sales of UK residential property from April 2015.
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