Firstly, WatkinsonBlack wish all readers a very happy and prosperous New Year. Late? Not at all. Accountants have three New-Years: 1st January, 1st February and, finally, 6th April.
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Just recently there has been a real surge of interest from people wanting to look at transferring their Defined Benefit (DB) Pension Scheme into a personal arrangement.
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As we approach the end of another tax year it is time to look again at some of the valuable exemptions available to you before the end of the tax year.
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WE have said before that, whilst we all have our own personal opinions, it is not our place to comment on whether or not we should leave the EU. However, we shall be looking at the effects of some of the consequences of the vote to leave.
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Well that’s Christmas and New Year over for another 12 months. Hopefully, you have found this period fulfilling and that you are now set up to face the cold, damp and dark days that we have ahead of us before that spring sunshine arrives again.
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It hardly seems 12 weeks since we was preparing last year’s December articles, let alone 12 months. Yet here we are approaching Christmas and, yes you’ve guessed it, tax return time.
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Every business uses data. If that data is of a personal nature then the collection and use of that data is covered by the Data Protection Act and there is no exemption based on the size of the business.
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Changes in taxation can sometimes have unexpected consequences, and this applies to the changes in the taxation of bank interest and dividends introduced this year.
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