Please find a link to a useful tool which provides general guidance on the Statutory residence test.

Click here for the Statutory Residence Test Flowchart PDF

Please do not rely on this solely to determine your status as there are over 100 pages of guidance from HMRC and various rules and definitions which need to be taken into account before one can definitively determine one’s status.

Please contact Frontier to discuss this matter further if you require detailed advice.

The Chancellor’s 2018 Spring Statement gave the government the opportunity to consider the longer-term fiscal challenges ahead of Brexit, and initiate consultations on how these can be addressed.

Following this, we have put together a PDF which provides an overview of the updated forecasts for the UK economy and public finances, which we trust you will find useful.

Please follow the link to view/download the Spring Statement 2018 as PDF:
View Spring Statement 2018

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.