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Lothian Accounting Blog

How to pay your corporation tax

HMRC still deliver a notice to file a corporation tax return within 9 months of a company’s year end. When […]

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New Scottish tax rates for 2018-19 and how they affect tax planning for Scottish owner managed companies

The Scottish parliament has approved a progressive income tax system with new rates which means tax payers now need to […]

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Autoenrolment: a change in minimum pension contribution rates

By law, on 6 April 2018, employers must have increased the amount of their minimum contributions into their staff’s automatic enrolment pension to at […]

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Buy to Let Property – what do you need to know about tax changes?

The Key changes Wear and Tear Allowance no longer available Interest rate restriction for higher tax earners from 2017-18 Digital records […]

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Government revises ‘Making Tax Digital’ timetable

HMRC’s Making Tax Digital project was originally scheduled to be introduced in spring 2018, starting with quarterly online reporting of […]

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Budget 2017 update -government U-turn on NI increases for self-employed

Plans to increase National Insurance rates for self-employed people – announced in the Budget last week – have been dropped. […]

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Budget 2017 -Key points affecting unincorporated businesses

Making tax digital for sole traders, partnerships  and landlords Unincorporated businesses (businesses owned privately by one or more people) that […]

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Budget 2017 -Key points affecting incorporated businesses

Corporation tax rates From April 2018,  the corporation tax rate will be cut to 19%. The government confirmed its commitment […]

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Flat Rate VAT and how it is changing

Shock announcement From 1 April 2017, the VAT flat rate scheme is being changed to include a new “limited cost trader” […]

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Making Tax Digital – How the biggest change in tax for twenty years will impact your business

Few can deny that the UK tax system is facing significant change.  In the digital age that we live in, […]

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