Residential property interest from April 2017

Residential property interest from April 2017 The restrictions on residential property interest will soon start to apply. As the legislation introducing these changes is now fully in place, we are writing to you to illustrate how the restrictions will work and what to...

Flat rate scheme: new status “limited cost trader”

To prevent perceived “aggressive abuse of the VAT flat rate scheme”, HMRC is to introduce a new status of “limited cost trader”. With effect from 1 April 2017 all traders, whether already using the scheme or seeking to join it, must use a new 16.5% scheme rate if they...
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