From 6 April 2015 the starting rate of tax for savings income (such as bank or building society interest) will be reduced from 10% to 0% per cent and the maximum amount of taxable savings income that can be eligible for this starting rate will be increased from £2,880 to £5,000
more details:
http://www.ion.icaew.com/TaxFaculty/post/Starting-rate-of-tax-for-savings-income
Usual answer is no.
I have found that in case a company incures interest costs it is allowable as a deduction !
A well spent sunday afternoon!
Government has implemented a new `National Living Wage` , this is in addition to National Minimium Wage.
For people over 25 year of age – National Living Wage applies for individuals under 25 years National Minimium Wage applies.
Government has launched a calculator to check if staff is being paid the minimium wage,
link given below:
As 31st Jan approcahes panic sets in especially for first time user of Self Assessement.
Please note quickest way to get UTR is over the telephone – 0300 200 3310.
But after getting the UTR one has to wait for 72 hours before one can register for online services.
Good Luck !
This is one of the most common questions asked of us.
HMRC has created a simple webpage about it. Answer a few questions about yourself and your will know.
Link to the page:
https://www.gov.uk/check-if-you-need-a-tax-return
Roy Accountants 