Entrepreneurs are making moves to avoid being caught by surprise changes in
the pre-Budget report set for 9 December.
Fears overan increase in Capital Gains Tax, currently standing at 18%, to
bring it closer in line with the 50% top tax rate levied on high earners next
April has seen advisers receive a deluge of calls for advice, according to the
Businesses are considering pumping more cash into dividend payments with the
aim of buffering income against the higher tax rate for people earning more than
£150,000 a year.
Tony Burns, sole director of compensation claims company Claim Angel told the
Telegraph: “I’ve worked closely with my accountants to set up a system of
management accounts on a monthly basis to maximise the amount of dividends we
can take out of the company.
“I don’t see why we should hand it over to the taxman.”
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Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin