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The five ways to get an Outside of IR35 verdict in the CEST tool
Under the new ‘IR35 in the Private Sector’ legislation that is due to come in from April 2020, end-clients will have to decide on the IR35 status of their contractors – and, for good or ill, they will commonly be using HMRC’s CEST tool (Check employment status for tax...
What does the ‘Personal Tax Allowance’ mean?
Every person who is resident in the UK is given a personal allowance each tax year. It operates as follows: The personal allowance is the amount of income you can receive before paying tax – and it generally increases each tax year. For the 2019/20 tax year, it is...
Can paying dividends reduce your Company’s tax bill?
No it can’t. A Company pays Corporation Tax on its profits before dividends are paid out. Consequently, shareholders are treated as having already paid some tax on their dividends but they do have 7.5% dividend tax to pay (on dividends above £2,000) and shareholders...
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