Chancellor George Osborne delivered the first fully Conservative Budget since 1996 earlier today. How will the measures affect you or your business?
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Late Tax Return Reasonable excuse
Do you have a late Tax Return? Have you been issued with a late filing penalty? With a ‘reasonable excuse’, HM Revenue & Customs (HMRC) will waive your penalty.
Self Employed National Insurance
The government has announced plans to change how it collects Self employed National Insurance. Class 2 National Insurance, which is payable by the self employed and currently £2.75 per week, is paid upon receipt of a quarterly bill from the National Insurance Contributions Office or you can apply to pay monthly or six monthly by direct debit.
The changes will mean that self employed people will pay their Class 2 National Insurance together with their Income Tax and Class 4 National Insurance which is payable on 31 January (and 31 July in some instances).
Budget 2015
The Budget 2015 – ‘The Chancellor’s last chance to make a difference?’
On Wednesday 18 March 2015, the Chancellor George Osborne will deliver his 2015 Budget speech which sets out the UK government’s plans for the economy and public finances.
It is a very important Budget this year due to the General Election taking place less than seven weeks after Budget Day. No doubt the Budget is going to be a highly political one and the main announcements are likely to have strong influence on the Election campaign.
So how will the announcements affect you? Who will be the winners and losers? How are the UK’s businesses going to be affected? SeavorChartered will be analysing what the announcements mean for both businesses and individuals so please visit www.seavorchartered.co.uk for our response and an understanding of how the changes will affect you.
Autumn Statement 2014
The Chancellor George Osborne delivered his final Autumn Statement of this Parliament yesterday which contained relatively few surprises.
For savers there were new limits announced for ISAs, for businesses there was the extension of the Small Business Rate Relief and arguably the most fundamental announcement of the day was the changes to Stamp Duty Land Tax – how does the Autumn Statement 2014 affect you?
