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Howlader & Co Blog

What you need to know about tax changes taking effect from 6 April 2018

6th April 2018

The new tax year starts on 6th April and with it comes changes to the tax rates and thresholds. Below we have summarised what we consider the most important changes. Dividend Allowance: The tax-free dividend allowance will be reduced from £5,000 to £2,000 per year for 2018/19 onwards. This will mostly affect directors of small […]

Budget 2017, Episode 2

23rd November 2017

Leading up to yesterday’s Budget there was speculation that Philip Hammond would announce some major shake-ups to certain aspects of the taxation system. This was fuelled by the Budget earlier in the year being relatively uneventful and the political environment having changed substantially in the months since then. However, save for one change, the Chancellor […]

How to treat VAT on recharged expenses

6th September 2017

When providing services to your client, occasionally you might need to pay for items on their behalf. How do you then treat the VAT on the expenses that you recharge to the customer? There is one simple rule that you need to keep in mind: all recharged expenses carry VAT, unless the item is a […]

How offset mortgages could save you tax

14th August 2017

A restriction on the amount of tax relief that landlords can claim on finance costs (e.g. mortgage interest payments) began to be phased in from 6 April 2017. It is the latest change to target beleaguered Buy-To-Let landlords, who have also seen the lending market halve in the last year (figures from Nationwide Building Society). […]

New Tax-Free Childcare Scheme

11th July 2017

A new tax-free childcare scheme has been introduced this year allowing around 2 million households to reduce the cost of childcare, including self-employed parents. How does the new scheme work? Parents with children under 12 years old can open an online account and pay in the amounts they would like for childcare provided by a […]