In April 2015, a marriage tax allowance was introduced. So, if you are: a) Married or have a civil partnership b) Either you or your partner have an income of £10,600 or less (this is the personal allowance and will move each year) c) Your spouse has income between £10,601...

From April 2016, new tax codes will be issued to all Scottish residents. The new tax code will begin with an ‘S’. Initially, the Scottish Parliament have held the Scottish Rate of tax to be the same as the rest of the UK. However we do not know what will...

The Savings Tax Legislation is changing. From April 2016, a Savings Interest Allowance is being introduced. Going forward, your bank or building society will no longer deduct 20% tax on interest earned on your savings. Instead, they will pay interest on your savings in full (gross). Basic Rate Tax payers...

Under the current legislation, dividends attract a 10% tax credit which means that basic rate tax payers pay no tax on £28,800 of dividend income (assuming all of the personal allowance has been used by on other income), while higher rate tax payers pay an effective rate of 25%. This...

Leading Shropshire accountants Turas Accountants has completed its long awaited move to a new central Telford office at Blount House in Telford town centre, Telford, Shropshire. Delighted with their new Telford location Helen Columb said “The offices have been comprehensively refurbished to our specification – we’re delighted to final move...