UK Chancellor Philip Hammond delivered the final budget before the UK leaves the EU yesterday. Here are some of the key measures that may affect STEP members. Individuals Income tax: the personal allowance threshold, the rate at which people start paying income tax at 20 per cent, is to rise from GBP11,850 to GBP12,500 in… Read More How will the UK budget affect STEP members?
Three years ago, the UK government’s Autumn Statement 2014 announced a review of the Gift Aid donor benefit rules with the intention of simplifying them. Following a call for evidence, it launched a consultation on 18 February 2016 setting out a range of options. The responses helped develop specific proposals for reform, which were set… Read More The UK Budget and donor benefit rules for charities
The UK government will be making significant changes to both dividend tax relief and entrepreneurs’ relief effective from 6 April 2016. These changes were outlined by Robert Jamieson TEP at a STEP seminar in London on 22 February. Dividend tax relief The dividend tax credit will be replaced with a new tax-free dividend allowance of… Read More Tax changes your clients may need to know by 6 April