News
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Employment Allowance
- March 31, 2016
- Posted by: Hansen Sweeney
- Categories: Allowance, News
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This allowance was introduced in 2014/15 to provide a saving of up to £2000 (increased to £3,000 for the 2016/17 tax year, only eligible if the company has employees other than directors) from the Employer’s NI bill of any business.
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Budget 2016: New Sugar Tax
- March 18, 2016
- Posted by: Hansen Sweeney
- Categories: Budget 2016, News
A new sugar tax on the soft drinks industry to be introduced in two years’ time, raising £520m a year to be spent on doubling funding for primary school sport in England.
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Are you a “Foreign Person” selling a “US Property Interest”?
- February 18, 2016
- Posted by: Hansen Sweeney
- Categories: News, US/UK
Beginning on 16 February 2016, the rate of withholding tax required by the Foreign Investment in Real Property Tax Act (FIRPTA) will increase from 10% to 15%. FIRPTA imposes Federal tax on the sale of an interest in real property located in the United States by a foreign seller. This 15% rate applies to the Gross Proceeds of the sale irrespective of whether or not there is a profit on sale.
