Search & Filter the insights

Blog7th Nov 2022

“Keeping up”… with Crypto

With an increasing number of younger people trying their hand at crypto investments, the recent US Securities and Exchange Commission (SEC) fine, suffered by social media influencer, Kim Kardashian, should probably come as a warning to everyone. Kim was ordered…

By Lynn Gracie

Blog28th Sep 2022

60 Day Capital Gains Tax Reporting – The Rules Recap

Almost a year on from the extension of the timeframe for reporting disposals of residential property our blog provides a recap of the rules on what exactly needs reporting, who needs to report it, how is it reported, when is…

By Carol Edwards

Blog19th Aug 2022

Making Tax Digital for Income Tax Self-Assessment

From 6 April 2024, Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) will apply to self-employed individuals and landlords with total business and/or property income above £10,000 per year. Under MTD for ITSA, taxpayers caught by the regime will…

By Lynn Gracie

Blog9th Aug 2022

Changes to Capital Gains Tax for separating couples

Under the current Capital Gains Tax regime in the UK there are rules in place to allow for transfers of assets between spouses to be deemed to take place at no gain/no loss for Capital Gains Tax (CGT) purposes. That…

By Jill Walker

Blog8th Aug 2022

Working Remotely – Nine to five at the office is no longer the norm… but neither is working in a UK office

The impact of COVID has been widespread and far reaching, touching all aspects of work and home life. Many now have the option to work from home, but some are taking this as an opportunity to work from anywhere, including…

Blog25th Jul 2022

Self-Assessment Taxpayers: is your 31 July ‘Payments on Account’ due for payment?

Self-Assessment taxpayers who had a liability of more than £1,000 in the 2020/21 tax year are likely to be required to make ‘Payments on Account’ towards their 2021/22 tax liability. The first interim payment was due on or before 31…

By Carol Edwards

Blog4th Jul 2022

‘Fiscal Drag’ pulls more UK Taxpayers into higher rate bands 

As inflation reaches 9% in the UK, the freeze on the income tax rate bands will inevitably push more taxpayers into higher brackets. It was announced in the Budget last year that the income tax personal allowance and higher rate…

By Lyndsey Russell

Blog20th Apr 2022

The ins and outs of domicile and why it matters

Newsflash – tax domicile is the new “news”… I suspect that all UK taxpayers, will have recently been interested to learn about how an individual’s domicile position, can significantly affect how much tax they pay in the UK. I am…

Blog18th Apr 2022

Self-Assessment – what is it and should you be filing a tax return

The 2021/22 tax year ended on 5 April 2022 and taxpayers within the Self-Assessment system will have recently received a ‘notice to file’ letter from HMRC.   

Blog6th Apr 2022

Large Business Notification Requirement of Uncertain Tax Positions

HMRC have introduced new legislation on Uncertain Tax Treatments (UTT) for large businesses. The legislation is now in force, with effect from 1 April 2022.   

Blog24th Mar 2022

Spring Statement 2022 Updates

‘A new culture of enterprise’ was one of the headings in the Chancellor’s 2022 Spring Statement. It went on to say that improving productivity is the only way to deliver sustainable economic growth and increase living standards. The statement then…

Blog11th Mar 2022

Tier 1 Investor Visas officially scrapped!

Priti Patel announced last month that the commonly known “golden visa” is officially scrapped with immediate effect, therefore preventing any new applicants.