HMRC To Widen Exemptions For Small Trusts And Estates

HMRC has proposed to widen the legislation that will keep small trusts and estates from paying tax ...

HMRC Issues Guidance On The IHT Nil-Rate Band

When couples talk to me about Inheritance Tax, I recommend they start by quantifying the potential liability ...

VAT On Holiday Lets And Serviced Accommodation

With many businesses, once your income heads above £85,000 you have to register for and pay VAT every quarter ...

P11D: Focus On Staff Entertaining

Accountants are noticing an increasing number of enquiries from HMRC about the amounts spent on entertaining staff ...

National Insurance Increase Affects Dividends

As the distribution of a company's profits, dividends have historically been taxed as unearned income ...

Basis Period Reform: The Problem With Estimated Figures

HMRC is seeking views on methods businesses with an accounting year-end differs from the tax year-end could use ...

Remember To File Your Employment Related Securities Return

The submission deadline for your company's Employment Related Securities return is fast approaching ...

Capital Gains Tax On Divorce

Are you going through a divorce? Be conscious of the Capital Gains Tax consequences of your split ...

HICBC: The High Income Child Benefit Charge Threshold

A Low Incomes Tax Reform Group in the UK, has urged the Government to raise the HICBC threshold ...

What Is The Optimum Directors Salary For This Tax Year?

Every business owner knows they can decide for themselves how they're going to withdraw money from their company ...

P87: HMRC Formalises Employment Expenses Claims

As of the 7th of May 2022, claims for Income Tax relief on employment expenses must be made on a P87 ...

What Is A Family Investment Company?

A Family Investment Company can apply to many different types of company structures used for different purposes ...

End Of Year Tax Planning Checklist

As we approach the end of the current tax year, it's worth giving some consideration to end of year tax planning ...

Investors' Relief: Attracting Investment Into Business

For shares acquired from the 17th of March 2016, Investors' Relief ensures investors pay 10% Capital Gains Tax ...

HMRC Continues To Target Buy-To-Let Landlords

In the last financial year, HMRC has collected over £17 million in unpaid tax from buy-to-let landlords ...

The Normal Expenditure Out Of Income Exemption

The Normal Expenditure Out Of Income Exemption offers a valuable saving on Inheritance Tax ...

ATED: Annual Tax On Enveloped Dwellings Deadline

Are you due to submit your Annual Tax on Enveloped Dwellings (ATED) soon? You may need to even with no tax due ...

Have You Got Your Tax Plan In Place?

When you think about your financial future, it is important to put tax planning at its very heart ...