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Blog6th Apr 2024

Are The Goalposts On Salaried Member Rules Moving?

What are salaried member rules? The salaried member rules for Limited Liability Partnerships (“LLPs”) were introduced in 2014 to ensure only those members who held a genuine ‘partner’ role were taxed as self-employed individuals, such that those with arrangements closer…

By Jill Walker

Blog3rd Apr 2024

Navigate the End of the ‘Furnished Holiday Let’

The number of Furnished Holiday Lets (FHLs) in the UK has increased in recent years, driven by the ever-growing popularity of UK ‘staycations’.  However, Jeremy Hunt announced in the 2024 Spring Budget that the Furnished Holiday Letting regime will be…

By Carol Edwards

Blog20th Mar 2024

Do you have an obligation to file an Annual Tax on Enveloped Dwellings (ATED) return by 30 April 2024?

WHAT IS ATED? ATED is an annual tax payable in advance by companies and other non-natural persons (including partnerships with corporate members) who own an interest in UK residential property valued at over £500,000. The charge applies to houses, self-contained flats,…

By Michaela McCombie

Blog7th Mar 2024

Non-Dom Tax Status Abolished But A New 4 Year Residence Scheme May Soften The Blow

For someone who has been working in tax for several years, non-domicile tax status and the UK tax breaks this provides has always been a controversial tax policy, no matter what government has been in power and no matter how…

By Lynn Gracie

Blog7th Mar 2024

Spring Budget Commentary From Paula Fraser

In yesterday’s Spring Budget, Chancellor Jeremy Hunt unveiled a series of tax reforms which will significantly alter the UK’s fiscal landscape. One of the positive changes will see National Insurance contributions for employees decreasing from 10% to 8%, which will result…

By Paula Fraser

Blog5th Mar 2024

Lock In Tax Relief By Topping Up Your Pension Fund Before The 5th April

Any financial advisor will tell you it’s never too early to start paying into your pension fund, but what many don’t necessarily appreciate is the significant tax savings that can be made whilst also building a secure plan for retirement.…

By Lynn Gracie

Blog21st Dec 2023

2023 Business Unit Year In Review

Oxford recently released their word of the year for 2023 and it was “rizz”. If we had to pick a word for our year it would be ‘growth’. You might have heard us talk about our growth journey a time…

Blog20th Dec 2023

Scottish 24/25 Budget- Tax Rates Soar for Higher Scottish Earners

Finance secretary Shona Robinson delivered Scotland’s 2024/25 budget confirming tax rises for those with income in excess of £75,000.  Scottish tax rates apply to employment, pension and property income but do not apply to investment income such as interest and…

By Carol Edwards

Blog15th Dec 2023

Tax Domicile is for life – not just for Christmas!..or is it… ?

With Christmas just around the corner, many people’s minds will be turning to Christmas dinner with the family, and perhaps the presents they may receive.  But, unlike some of those presents, a person’s domicile position isn’t just for Christmas –…

By Lynn Gracie

Blog11th Dec 2023

Self-Assessment Tax Return Deadline is Coming-Tick Tock On The Compliance Clock

The festive season is on the horizon, and it might be fair to say completing your tax return may not be at top of the priority list, but it’s important to remember the online self-assessment filing deadline of 31 January…

By Carol Edwards

Blog23rd Nov 2023

Autumn Statement- What Do The Changes Mean For You?

Jeremy Hunt delivered his much anticipated Autumn statement yesterday, which was possibly his last opportunity to make changes to taxes and benefits before the next General Election. The Chancellor was under pressure from fellow Conservative party members urging him to…

By Kerry McGee

Blog21st Nov 2023

Autumn Statement- What Changes Can We Expect?

A lot can change in a year – and after the 2022 Autumn Statement promised wide ranging tax cuts, only for many of the key measures to be swiftly reversed, 2023 could well grab fewer headlines in comparison.  Having said…

By Tom Andrew