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Graeme Seavor

April 2019 Newsletter

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Newsletter April 2019

Our April Newsletter includes information on the government consultation on a new Stamp Duty Surcharge, Contractors who potentially will face a huge tax bill, a probate revamp and the fall in apprenticeship starts. GOVERNMENT CONSULTS ON NEW STAMP DUTY SURCHARGE The Government is considering introducing a new stamp duty surcharge, which is designed to clamp …

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New minimum wage from 1 April 2019

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NMW NLW increase April 2019

Excellent for employees and not an April fools joke for employers. From today the 1 April 2019 the National Living Wage and the National Minimum Wage increase. The new hourly rates are as follows: Employees aged 25 and over will increase from £7.83 to £8.21 Employees aged between 21-24 will increase from £7.38 to £7.70 …

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Principal Private Residence and Letting Relief

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If you own more than one property it is very important to understand your tax position prior to selling a property to ensure you aren’t caught out by an unexpected tax bill.  There are reliefs available such as Principal Private Residence (PPR) and Letting Relief.   Having an understanding of how these work could influence your …

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Christmas and New Year Opening Times

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Merry Christmas From SeavorChartered

The office will be officially closed for the festive season to enable the SeavorChartered team to have a well deserved break. However, if you require urgent attention please call the office, leave a message and someone will get back to you. Friday 22nd December 2017 – Closing at 11:30 am Saturday 23rd December 2017 – …

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Scottish Budget For 2018/19

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Scottish Budget Flag

Derek Mackay delivered his Scottish Budget speech which sets out the Scottish Government spending and taxation plans which will take effect from 6 April 2018. The Scottish Government has limited powers however has taken steps to amend income tax rates and adjust Land and Buildings Transaction Tax for first time buyers. Scottish Income Tax 2018/19 …

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Autumn Budget 2017

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Autum Budget 2017

Chancellor Philip Hammond delivered his Budget speech and amongst disagreeing with Jeremy Clarkson that electric cars and then driverless cars are the future (so Jeremy being snubbed by May and Hammond) the Chancellor aimed to deliver his vision of a prosperous, modern outlooking Britain.

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Top Tips for maximising your CIS tax refund

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Construction

If you are self-employed or a contractor working in the construction industry it is very likely you are well aware of the Construction Industry Scheme or CIS.

Under this scheme contractors deduct CIS from subcontractors and pay it to HM Revenue & Customs (HMRC) on the subcontractor’s behalf. This tax is paid in advance towards the subcontractor’s income tax and national insurance.

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Spring Newsletter 2017 including a summary of the Spring Budget announcements

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Spring Newsletter 2017

Following the chancellor’s Spring Budget announcements yesterday we have included a summary of the key changes which may affect you on pages 3-4 of our Spring Newsletter. You can download a digital copy of the Spring Newsletter here. The newsletter also includes articles on topical tax changes including: Making Tax Digital National Minimum wage increases …

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The Chartered Institute of Taxation

The Association of Taxation Technicians

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