Local professional support - March 2017

Private landlords should not sleep walk into new tax rules
The tax rules regarding buy-to-let property have long been complex. However things are about to become even more difficult for individuals who are landlords of residential property.

Why is HMRC taking a harder line on penalties?
It is right that those who deliberately understate their tax liabilities are subject to the full force of HMRC’s penalty regime. But we have real concerns that some HMRC officers might – in an attempt to raise revenue – be seeking to wrongly and unfairly deem behaviour to be ‘deliberate’ in cases where the taxpayer has made a genuine mistake.

Unlock pension pot to seek advice
The pension landscape is constantly changing and navigating the best option to support retirement plans can be tricky, but will the new scheme from the government help individuals seek the advice they need?

Year-end tax planning (but not the usual stuff)  
With the end of another tax year fast approaching many will be considering whether any action should be taken before 5 April to mitigate their tax liabilities for the year. Whilst we should not forget the usual year end planning points, such as using ISA allowances, the 2016/17 tax year has a number of new complexities that should not be overlooked.

Racing through uncertainty: lessons from Formula One
The line between success and failure can be very thin. Kevin Lamb CA considers the lessons businesses can take from events in the last year.

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