The flat rate scheme is used by many small to medium sized businesses to simplify their VAT reporting. Many of those businesses enjoys a cash advantage from using this scheme. However, this advantage is due to be cut back significantly from 1 April 2017. The FRS will continue but many businesses will not find it […]

Below is a summary of the key points that was outlined during the autumn statement yesterday by the Chancellor. Taxation Income tax threshold to be raised to £11,500 in April, from £11,000. Higher rate income tax threshold to rise to £50,000 by the end of the Parliament Tax savings on salary sacrifice and benefits in […]