by Oasis Accountants | Jun 9, 2023 | Newsletter
Incorporating A Company When starting a business, it is usually as self-employed or as a partnership. As the business grows, working through a company may be considered for several reasons (limited liability being one of the more important). Tax is no longer a...
by Oasis Accountants | Jun 2, 2023 | Newsletter
Owner-managers can extract funds from the company in various ways. Typically, the working shareholders may well, in addition to drawing a normal salary, decide whether to extract surplus profits by means of a bonus or dividend. Hitherto, the high levels of National...
by Oasis Accountants | May 26, 2023 | Newsletter
The current late payment and repayment interest rates applied to the main taxes and duties that HMRC currently charges and pays interest on are Late payment interest rate — 7% from 31 May 2023 Repayment interest rate — 3.5% from 31 May 2023 HMRC interest rates are...
by Oasis Accountants | May 19, 2023 | Newsletter
HMRC is raising awareness of the tax treatment of termination payments related to Income Tax and National Insurance Contributions (NIC) Several changes have been made to these rules over the past five years, which HMRC wants to remind accountants and employers to...
by Oasis Accountants | May 12, 2023 | Newsletter
It’s important to know if you’re a UK resident or not. This may affect: Your UK tax liability Your entitlement to Income Tax allowances and exemptions UK Residence – Tax Liability When you’re UK resident you’re normally taxed on the arising basis of taxation. This...
by Oasis Accountants | May 5, 2023 | Newsletter
The Apprenticeship Levy was first announced in the Summer Budget 2015 and it was later confirmed in the Autumn Statement 2015 that the levy would be introduced from 6 April 2017. Primary legislation was subsequently included in the Finance Act 2016, Pt. 6 (s. 98...
