Corporation tax Articles

Important changes in the new tax year

The new tax year is here and it has brought with it the usual soup of tax and regulatory changes. This year there are a number of important changes that will affect contractors, including new IR35 rules, changes to the flat rate VAT scheme and new income tax rates.

Some of the changes will be received positively – others, less so. Here we summarise the most important April changes for contractors. 

Corporation tax cut: Finally some good post-Brexit news

Much of the business news to come out since Britain took its decision to leave the EU has had a gloomy edge to it. The results of a YouGov poll released on Thursday showed that the number of businesses pessimistic about the future had almost doubled from 25% before the referendum to 49% afterwards.

Also earlier this week, the Federation of Small Businesses (FSB) urged political leaders to step up, after their small business confidence index slipped to a four-year low. 

marketing | 3 April 2017
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There will be a number of things changing this April, some of which will affect them negatively.

We assess the changes and suggest some tax-efficient ways for contractors to respond.

Corporation Tax

From mid- November 2014 HMRC have simplified the processes for online filing of corporation tax returns and simple financial accounts for small businesses which they describe as micro-entities.