June 2016 Tax Tips & News | Wright Vigar

June 2016 Tax Tips & News

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Welcome to June’s Tax Tips & News, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman.

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Change in Advisory Fuel Rates from 1 June 2016

New PSC register requirements take effect

OTS examines potential for new trading vehicles

HMRC go live with Verify identity authentication

Free pension advisory services to be merged

June Questions and Answers
Q1: I am thinking of purchasing a new house that I will use as my main residence, but I will still own other properties. Will I be liable to the new 3% stamp duty land tax (SDLT) change?
Q2: I commenced trading as a service provider on 1 September 2015 and now wish to complete my 2015/16 tax return. I have not incurred any capital expenditure and my turnover is less than the current VAT threshold. Should I use 30 March (or 5 April) as my accounting year-end?
Q3: How do I register as a self-employed subcontractor in the construction industry?

June Key Tax Dates

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