Yearly Archives: 2016

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Autumn Statement 2016

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Philip Hammond has given his first Autumn Statement as the new Chancellor of the Exchequer. The UK economy is forecast to be the fastest growing major economy in 2016, but the Office for Budget Responsibility has forecast growth to slow … Continue reading

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National Minimum Wage and National Living Wage

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From 1st October 2016, the National Minimum Wage rose by 3.7% to £6.95 for 21 to 24-year-olds, and by 4.7% to £5.55 an hour for those aged 18 to 20. The minimum wage for 16 to 17-year-olds rose to £4.00 … Continue reading

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Can a Partnership go on with only one member?

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If you are in a Limited Liability Partnership (LLP) with a business partner who wants to retire, you may start to wonder how your partnership can be maintained with only one partner left, and the options available to you if … Continue reading

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Time to Pay and Default surcharge

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A Time to Pay Arrangement is where HMRC agrees to allow you more time to pay your tax bill. This can only happen if you notify HMRC that you won’t be able to pay the tax bill by its due … Continue reading

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BREXIT: How does it affect you?

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At 6am on Monday 27th June it was declared that the UK was to leave the European Union.  Despite the vote being finalised, Britain’s exit will not take immediate effect, and it can’t be stressed enough in saying that we … Continue reading

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The EU Referendum

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On Thursday 23rd of June 2016 the British people had to decide whether to leave or remain in the European Union. The results were that the majority of the British public wanted to leave the EU by 52% for leave … Continue reading

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Homes “too expensive” for Help to Buy ISA

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Would-be-homeowners in large parts of England are being priced out of a government scheme to help first time buyers. The Help to Buy (HTB) ISA was introduced in December 2015 to allow first time buyers to put their deposit into … Continue reading

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The Age of Retirement

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Many people especially women nowadays will have to toil at work for 50 years before they can retire as the age at which you receive your state pension keeps on shifting. Last week Anna Mikhailova found out when she will receive … Continue reading

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