Blog22nd Mar 2023Pension Reforms – A Great Day For SaversThere was perhaps less drama in the Spring Budget 2023 than there was in the build up to Jeremy Hunt’s first Autumn Statement, but it is a day that may live long in the memory of some, following significant pension…By Tom AndrewView more
Blog26th Jan 2023Self Assessment Tax Return Deadline Around The CornerThe deadline for completing your 2021/22 self-assessment tax return online is 31 January 2023 and those who file one later than that will usually have to pay a fine. HM Revenue and Customs (HMRC) announced at the start of January that…By Jill WalkerView more
Blog19th Dec 20222023-24 Scottish Budget Tax changesAfter a dramatic start, John Swinney delivered the Scottish government’s Budget for the 2023-24 fiscal year on Thursday 15 December 2022. We have outlined below the tax changes that individuals residing in Scotland should be aware of from a personal…By Jill WalkerView more
Blog7th Nov 2022“Keeping up”… with CryptoWith 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 GracieView more
Blog28th Sep 202260 Day Capital Gains Tax Reporting – The Rules RecapAlmost 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 EdwardsView more
Blog19th Aug 2022Making Tax Digital for Income Tax Self-AssessmentFrom 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 GracieView more
Blog9th Aug 2022Changes to Capital Gains Tax for separating couplesUnder 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 WalkerView more
Blog8th Aug 2022Working Remotely – Nine to five at the office is no longer the norm… but neither is working in a UK officeThe 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…View more
Blog25th Jul 2022Self-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 EdwardsView more
Blog7th Jun 2022Trust Registration Service extensionThe Trust Registration Service (TRS) has been significantly extended to cover a wider range of trusts. Trustees should make sure that they understand the new rules and register trusts as required before the 1 September 2022 deadline. Trust Registration Service…By Gunhild DamView more
Blog20th Apr 2022The ins and outs of domicile and why it mattersNewsflash – 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…View more
Blog18th Apr 2022Self-Assessment – what is it and should you be filing a tax returnThe 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. View more