May Tax Events

The following Tax Events are due on 31st May 2018: Deadline for forms P60 for 2017/18 to be issued to employees. This deadline is relevant to employers.  

New Income Tax Rates

The new income tax rates and allowances came into effect as usual on 6 April, the start of the 2018/19 tax year.  Many tax allowances have increased:  – the personal allowance has risen from £11,500 to £11,850  – the capital gains tax annual exempt amount...

GDPR Is Coming

The implementation date for the EU Data Protection Regulation (GDPR) is 25 May. Despite Brexit, UK businesses will need to comply. In order to maintain business links with EU countries, the UK will need to create EU equivalent rules and regulations. GDPR is an example...

Using a previous trading name after a formal liquidation

First and foremost; it is possible to reuse a company name following a formal insolvency such as liquidation. However, the Insolvency Act places certain restrictions on a person who has been a director or shadow director of such a company.If said person acted as such...