Blog28th Oct 2021Autumn Budget Announcement: reporting residential property sales to HMRC – welcome extension to 60 daysRishi Sunak’s Autumn Budget will come as good news for individuals and trustees selling UK residential property. In his speech on 27 October 2021, the Chancellor announced provisions which will help to alleviate the compliance burden on those selling chargeable…View more
Blog28th Oct 2021Autumn Budget announcement – a measured approachWith fanfare the Chancellor delivered a budget increasing Public Sector spending by £150bn, but what was the effect on the Private Sector?View more
Blog18th Oct 2021UK Non Doms subject to HMRC scrutinyHMRC action The UK still provides significant UK tax mitigation strategies for overseas income sources where you are tax resident here, but not UK domiciled (Non Dom). HMRC are looking very closely at this group of individuals and have recently…View more
Blog30th Sep 2021Tax Year as we know it to stay, at least for now…The Office of Tax Simplification ‘OTS’ published a document in June 2021 setting out its intention to review the benefits, costs and wider implications of changing the end of the tax year to either 31 March or 31 December. The…View more
Blog29th Sep 2021Don’t be late – register for Self Assessment before 5 October 2021Have you become chargeable to income or capital gains tax for the first time? Now is the time to notify HMRC.View more
Blog8th Sep 2021National Insurance increase – Is this the beginning of a slippery slope of tax rises?National Insurance ContributionsView more
Blog31st Aug 2021Tax relief for those who have to work from homeDue to the COVID-19 pandemic, many of us have had to work from home. As a result, more employees than ever have claimed tax relief for the 2020/21 tax year for the additional costs incurred as a direct result of…View more
Blog31st Aug 2021The new “must have” – an electric company car?Some of you reading this will be old enough to remember the 1980s when big hair and shoulder pads went hand in hand with Golf GTIs and, dare I say it, Ford Capris with the must-have furry dice. View more
Blog9th Aug 2021Inheritance Tax hikes to pay the COVID bill?Whilst the COVID-19 pandemic rumbles on, with the furlough scheme set to come to an end on 30 September and the various relaxations in restrictions across the whole of the UK, economic recovery must be top of the Chancellor’s agenda.…View more
Blog14th Jul 2021July Tax PaymentsHMRC routinely promote the benefits of filing Self Assessment Tax Returns early, and we agree that there are many advantages to doing so. One such benefit is that it enables you to ascertain and manage your tax payments.View more
Blog7th Jul 2021Crypto Assets – HMRC seeking ownership declarationsFollowing HMRC’s drive to aid the economic impact of the COVID 19 pandemic and a surge in recent enquiries into tax affairs of individuals and companies alike, HMRC have confirmed that e-money value transfer systems and Crypto assets are on…View more
Blog6th Jul 2021Is the end nearing for the Tax Year as we know it?The UK tax year runs to 5 April, however, The Office of Tax Simplification ‘OTS’ recently published a document (June 2021) setting out its intention to review the benefits, costs and wider implications of changing the end of the tax year to either 31 March or…View more