Following the Autumn Statement 2015, rules for Shareholders paying Income tax on pay outs when winding up a Company.
Describing the new Employment Allowance increase and the effect on Companies with only one Director/employee.
Explaining the new travel and subsistence rules for Freelancers, and the proposals for freelancers working for public sector bodies.
Peter describes tax relief changes on mortgage interest, scrapping of Wear & Tear Allowance, replacement rules and additional Stamp Duty.
Peter explains the new Dividend Tax, and the new rate of tax on overdrawn Director’s Loan Accounts (s.455)
Peter explains the new income tax bands, the change in Capital Gains Tax and pension changes.
Explaining that from April 2016 shareholders in Limited Companies must pay an extra 7.5% tax on Dividends and what to do to reduce it.