McPhersons News

Diageo to pay HMRC £107m in ‘Google tax’ crackdown

11 May 2017

However the drinks company plans to challenge the decision. Read.

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Labour would raise corporation tax to 26% by 2021!

10 May 2017

The announcement was made that in order to raise £5bn to improve education the current 19% corporation would rise to 26% by 2020-21. However, smaller firms with profits of less than £300,000 would see more modest rises to 21%. Read.

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A furnished holiday letting won’t just give your customers much needed relief

2 May 2017

Landlords should be aware of the different rules which apply to furnished holiday lets and private rented properties, as the tax implications can be enormous. Privately rented properties that are not a principal private residence, and therefore do not qualify

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Our May Tax E-News is out!

2 May 2017

Read the latest on shares for children, dividends for higher rate taxpayers, flat vat rate, IHT, capital gains and more here.

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Labour pledge to increase police force by reversing Capital Gains Tax cuts

2 May 2017

According to Labour, cutting the higher rate from 28% to 20% and basic rate from 18% to 10% would cost public services £2,7bn over five years. Read.

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