PKB Insider – August 2016


New system to challenge business rates outlined  A system to allow businesses to check and appeal business rates bills has been announced. The aim is to ensure that disputes are settled more promptly. Currently, over 955,000 appeals have been submitted against rating valuations but less than 2% of business rates appeals proceed to a tribunal…

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Companies: PSC register – what is it?


PKB Partner, Steve Greehy, provides a brief introduction to the register of people with significant control (PSC register).   What is the register of people with significant control?   From June 2016, The Companies Act 2006 requires all companies, societas europaea (SEs) and limited liability partnerships (LLPs) to identify and record the people, who own…

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PKB Insider – April 2016


  Lack of management skills limit business growth A lack of leadership and management skills may be inhibiting the growth of businesses. Just under half of new start-ups in the UK last less than 3 years. The UK also has a growing productivity gap, currently 18% below the G7 average. A report by the Federation…

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Budget 2016: Personal announcements


Personal allowance and higher rate threshold The personal allowance will be increased from £11,000 in 2016/17 to £11,500 in 2017/18. The higher rate threshold will increase from £32,000 in 2016/17 to £33,500 in 2017/18. Individuals entitled to a full personal allowance will not be liable to higher rate tax until their total income exceeds £43,000…

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Budget 2016: Business announcements


Corporation tax The rate of corporation tax will reduce to 17% for the financial year commencing 1 April 2020. The planned reduction in corporation tax to 19% from 1 April 2017 remains unchanged. Loans to participators In order to keep the tax rate in line with the higher rate of tax on dividend income, the…

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