Please visit the link below to view Tax Rates 2018-19:

This Report, which was written immediately after the Chancellor of the Exchequer delivered his Budget Speech, is intended to provide an overview of the latest announcements and recent measures most likely to affect you or your business.

Throughout this guide, we have included tips and ideas to assist you with effective tax and financial planning. We can help to ensure that your nancial plans remain effective, even as your personal and business circumstances change. We will work alongside you to help you achieve a rewarding and financially secure future.

Click here to view and download Frontier Group Budget Report 2017

Plan ahead and make most of your business and personal finances.

Please follow the link to view/download a PDF document on Tax Strategies for 2017-18:
Click here for Tax Strategies 2017-18 PDF

For further information, please do not hesitate to contact us.

Please visit the relevant links below to view Tax Rates:

Philip Hammond, the new Chancellor, presented his first major fiscal statement to the House of Commons on 23 November 2016. This newsletter summarises the main announcements that may affect you and your business.

Please follow the link to view/download the Autumn Statement as PDF:
View Autumn Statement 2016

For further advice, please contact us.

Dear Member,

The Chancellor’s 2016 Budget contained some important announcements and confirmed a number of changes planned for the new tax year.

Following this, we have put together a report which contains the latest tax and financial information, which we trust you will find useful. The report can be found here. Below are some points to summarise some of the important changes.

• Personal allowance increased to £11,000 with the basic rate threshold increased to £32,000 in 2016/17
• Capital gains tax rates reduced with the higher rate of tax down from 28% to 20% and the basic rate tax down from 18% to 10% from 6th April 2016. This will apply to all assets other than residential property.
• Stamp duty will be increased by 3% for any individual who is buying a buy-to-let or second home from 1st April 2016
• A new Lifetime ISA has been introduced where you will receive a 25% bonus from the Government for every pound you put in up to £4,000 a year. This will be available from 6th April 2017
• Corporation tax will be reduced to 19% from 1st April 2017 and will be further reduced to 17% from 1st April 2020

Please also note there are significant changes to pension contributions and the way dividend income will be taxed from 6th April 2016 which were discussed in earlier budget reports. If you would like any more information on these changes please let us know.

For more information on how the changes in this year’s budget may affect you, please contact us.

Kind regards,
Frontier Fiscal Services

Click here to view and download the 2016 Budget Report

Dear Member,

We have pleasure in attaching our guide to the Chancellor’s Autumn Statement 2015 which can be accessed via this link.

Our special Autumn Statement 2015 provides a summary of the key announcements with some of the main points being:

• Relaxation of Business Investment Relief. The Government will now consult on this matter to encourage greater investment from nondomiciled individuals.
• From April 2016 buy-to-let landlords and those buying second homes will have to pay a 3% surcharge on each stamp duty band.
• By 2019 Capital Gains Tax payment will have to be made within 30 days of the disposal of residential property.

At Frontier, we are always happy to help you. As well as ensuring that your accounts are accurate and compliant, we can offer advice to help you maximize your profitability and minimize your tax liability.

If you would like more detailed, one-to-one advice on any of the issues raised by the Statement, please contact your Advisor here at Frontier or call 020 7090 7770.

We look forward to hearing from you.

Many Thanks
Frontier Fiscal Services

Numerous changes to pension rules have been introduced in the 2014 Budget, allowing you greater flexibility in your pension plans. Please find here Frontier Group’s ‘A New Era for Pensions’ factsheet to gain an understanding of these new reforms in order to efficiently manage your retirement life.

As a saver taking benefits from your defined contribution pension for the first time you now have four options designed to offer you the maximum freedom. In addition to this, there are also changes to small pension pots, death benefits, and anti-avoidance measures. Our guide offers useful tips to capitalize on your pension and also provides information on the new flat-rate state pension being introduced from 6 April 2016.

Do not hesitate to contact us on 020 7090 7770 for more information and advice.

It is official! The French Tax administration has confirmed in a press release on 20th October 2015 the requirements for a refund of the French social charges.

The “Conseil d’Etat” (CE), in a decision dated 27th July 2015, drew the consequences of the European Court of Justice (ECJ) judgment of 26th February 2015 (Case C-623/13, Mr de Ruyter). It has been confirmed that it is contrary to European Law to levy social charges on French income-generating assets of individuals affiliated to a social security system of another Member State of the European Union (EU), European Economic Area (EEA), or Switzerland.

You must be registered with a non-French social security scheme located within the EU, EEA or Switzerland.

If you are not residing in France you can reclaim the social charges that you have paid on your French property rental income or the social charges that you have paid on the gains made during the disposal of your French property.

If you are residing in France, you can reclaim the social charges you paid on your assets income as well as your investment products.

Exclusion

The total rate of social charges is 15.5%.

The French Tax administration confirmed that the 2% solidarity levy (“prélèvement de solidarité”) paid before the 1st January 2015 is not affected by the Ruyter case as this tax does not finance the French social security system.

Deadline

Under French law, any tax claim must be issued by 31st December of the second year following the year in which the tax was paid.

Therefore it is important to note that non-residents who have paid social charges in 2013 on their 2012 income have until 31st December 2015 to submit a claim to receive their refund. Similarly, non-residents who sold a French property in 2013 and have been subjected to social charges also have until 31st December 2015 to claim the corresponding tax.

Individuals who have paid undue social charges in 2014 or have recently received their tax assessment are recommended to issue a claim at the soonest convenience.

How to claim the social charges?

Non-residents can issue tax claims to the French tax office or to your registered tax office. The claims must be legally motivated and include all supporting documents establishing the right to claim for a refund of the French social charges.

We recommend that you seek legal advice in order to ensure your claim has been correctly drafted and supplemented with the necessary supportive documents.

At Frontier Fiscal Services, we are happy to assist you in claiming back the social charges you have paid. You will be represented by a French tax lawyer, who will submit and assess any potential claim.

Please contact us if you would like further information regarding this matter or would like to pursue such a claim.

Many Thanks
Frontier Fiscal Services

The first conservative Budget in 19 years has brought about various important announcements and confirmed a number of changes planned for the forthcoming tax years.

The significant changes are as follows:

• Increase in the inheritance tax threshold,
• Taxation of dividends on individuals,
• Tax Treatment of nondomiciled individuals,
• Restriction on interest relief for buy to let landlords,
• Decrease of corporation tax rates to 18% by 2020
• Tapering of the pensions allowance amongst other changes.

Following this, we have put together a report which contains the latest tax and financial information, which we trust you will find useful. For more information on how the changes may affect you, please contact us.

Download the second Budget Report, July 2015