Government Policy

As of 6 April 2016, UK companies and LLPs will be required by law to keep a “persons with significant control” register, or from here on out, a PSC register. The register will be open for public inspection and will be searchable at Companies House from 30 June 2016. On the 26th March 2015, a […]

Recent news has come to light regarding the level of taxation applied to company owners who decide to sell or wind up their company. The new government rulings will come into effect on the 6th April 2016. What do these new rules mean? Chancellor George Osborne recently announced that the government will remove tax breaks […]

Why are the Government cracking down on property investors, and how are they going to do it? Recently, the government has taken steps to steer people away from investing their money into property. In the Autumn Statement Chancellor George Osborne said: ‘Frankly, people buying a home to let should not be squeezing out families who […]

George Osbourne, Chancellor of the Exchequer announced the Autumn Statement and Spending Review for 2015 today, outlining the plan for government spending over the next 4 years. Here is a summary of the key points: Tax Each individual and small business to have their own digital tax account by 2020. Planned cuts to tax credits have […]

As of October 1st 2015, both apprentices and employees on Minimum Wage received a pay rise. The National Minimum Wage for apprentices has risen by 57 pence to £3.30, the biggest increase to apprenticeship wage, ever. This will mean that an apprentice working 40 hours a week will now have extra £1,185 in their pocket […]

From April 2015, a new regime has come into force widening the options available with your pension fund up to being able to withdraw the whole of your pension fund, subject to income tax being levied at your highest rates on the excess over the 25% tax free lump sum. There appear to be around 8 […]

In front of a lively audience in the House of Commons today, Chancellor of the Exchequer George Osborne delivered his emergency budget, the first all-Conservative budget since 1996. Our tax consultant has been dissecting the changes; below are the major points from the Budget: The Key Points: New National Living Wage – starting from April […]

Small Business Act After receiving royal assent, the first ever piece of legislation devoted to small businesses, known as the Small Business, Enterprise and Employment Act (SBEE), has now become an official law (as of 26th March 2015). The government have become increasingly aware of the vital role SMEs play in securing a prosperous economy […]

The Chancellor delivered his autumn statement to a lively house of commons today, 3rd December.  Far from acknowledging that the economy had gone off track, the Chancellor asserted that whilst the reduction of the deficit was marginally less than forecast for this and next year, in subsequent years it would return to a surplus slightly […]

The Chancellor of the exchequer announced the Budget 2015 at midday today, delivering an upbeat assessment of the nation’s economic outlook and outlining a positive Budget which the Conservatives hope will put them in the commanding position in the pre-election polls. The Chancellor took the opportunity early on to boast about the nation’s growth that […]