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HMRC have released latest figures indicating a record £517.7billion collected in Tax for 2014/15, an increase of more than £12billion than the previous year. According to HMRC, 66% of this increase was obtained from additional Tax compliance, with HMRC actually prosecuting 1,289 cases and securing a collective 407 years in prison sentences, (source : Taxation,[...] Read more »
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Archive for January, 2016
Company Owners To Pay More Tax!
For small owner-managed Limited Companies, a Tax efficient Profit Extraction policy has always been key. By selecting the use of the correct method of extracting Profits from the Company, Tax bills can be minimised. One such popular, and tried and trusted method, has been the use of Dividends rather than Salary, paid to the owner-managed[...] Read more »
