Archive for the ‘Tax & VAT’ Category

Alarm Over Bank Accounts Tax Grab

Posted by Press Release on

The state will soon have the right to take money directly from anyone’s bank account, without the safeguards in place that were promised. HM Revenue & Customs (HMRC) is gearing up to grab tax it is owed directly from taxpayers’ ...

Read More

July 2015 Budget response - Bishop Fleming's response to the July 2015 Budget

New dividends tax: the latest tax grab

Posted by Gary Mackley-Smith on

The 8 July Budget was a bad budget for family companies. Hard working entrepreneurs are to be hit with a new tax on their dividends. From 6 April 2016 dividend income above £5,000 will be taxed at 7.5% for basic rate taxpayers, 32.5% for higher ...

Read More

July 2015 Budget response - Bishop Fleming's response to the July 2015 Budget

July 2015 Budget at a glance

Posted by Gary Mackley-Smith on

The key tax announcements of Chancellor George Osborne in his 8 July 2015 Budget. In his second Budget for the year and the first Conservative Budget since 1996, Mr Osborne honoured his party’s election manifesto promises on tax changes ...

Read More

Cornish farm fields

Farmers, milk pools and quotas

Posted by Gary Mackley-Smith on

Milk quotas have been abolished after more than three decades of EU attempts to control dairy production. Whilst this may lead to milk pools and butter mountains in the future, a current tax issue for farmers is what to do with their now ...

Read More

a picture of a green piggy bank, to represent pensions tax relief

Pensions Under A Tax

Posted by Gary Mackley-Smith on

Pension savers earning more than £150,000 a year face restrictions on the amount of tax relief they can claim on their contributions. Now that the general election is out of the way and we have a Tory majority, what was included in their ...

Read More

VAT, tax, PAYE

March 2015 Budget at a glance

Posted by Gary Mackley-Smith on

The key tax announcements of Chancellor George Osborne in his 2015 March Budget. The economy continues to improve and the economic forecasts are encouraging. The fall in the oil price has given households more spending power, which should boost ...

Read More

Matthew Lee, Managing Partner at Bishop Fleming Chartered Accountants

Ten point wishlist for the pre-election Budget

Posted by Press Release on

“Stop stealing tax from students, re-think business rates, and scrap auto-enrolment for micro businesses”. Bishop Fleming, one of Britain’s fastest growing Top 40 accountancy firms, has issued a ten-point wish-list for the ...

Read More

Ian Smith, Chair of Bishop Fleming

The Big 4 should stick to their knitting!

Posted by Ian Smith on

KPMG’s announcement that they have invested £40m in taking on the SME market makes interesting, if frankly amusing, reading. Systems, back office factories and automated everything makes great sense in a pure lean manufacturing world, but ...

Read More