The surprise announcement in the Summer Budget 2015 restricting income tax relief for interest costs incurred by landlords of residential properties became law in November 2015. Any hopes that the Chancellor would change his mind were dashed in the Autumn Statement in December when additional charges to Stamp Duty Land [...]
The UK tax regime provides an important relief from the capital gains tax charge (CGT) on the gains made by owner-occupiers on the sale of their private homes. This is known as Principal Private Residence relief (PPR). The general principle is that only one home can count as a PPR [...]
When a dividend is paid to an individual, it is subject to different tax rates compared to other income due to a 10% notional tax credit being added to the dividend. So for an individual who has dividend income which falls into the basic rate band the effective tax rate [...]
You may have seen in the press or on the TV a couple of months ago, news stories that implied that it would be easy to get out of paying an automatic £100 minimum penalty for the late filing of a self assessment tax return. The background to the initial [...]
Richard and Sarah have been joined by Dan Mepham as a Partner in the business. Dan was previously a Director at a large national firm of accountants and specialised in helping contractors and consultants working through a limited Company. Dan knows the contractor space inside out, regularly contributing to technical [...]
We're proud to announce the launch of our new website. Built on a responsive framework, our new website works beautifully on any size of device including smart phones and tablets. Our new website also benefits from a blog which will help us keep our clients up to date with the [...]
We are 20 years old this year and over that time have seen many changes to the way in which contractors and small businesses operate and we are pleased to say that many of our clients still remain from those early years. We decided our website and branding was starting [...]
You can now connect with Vantage Accounting across all of your favourite social networking sites including Facebook and Twitter. You can also keep up to date with the latest news from Vantage Accounting on our blog.
Yesterday's Summer Budget has mixed news for contractors and small businesses but as always the devil is in the detail and after reading through the budget documents last night the detail is not all there yet (despite being 123 pages!). The budget is a top level proposal and nothing will [...]