24 March 2020
The Government believes the legislative changes will impact 170,000 individuals working through their own intermediary, such as a PSC. For these individuals, the deduction of tax and NI at source will have cash flow implications and, therefore, needs to be planned for.What do individuals need to consider?
The Government has confirmed that it intends to reform the off-payroll working rules (commonly known as IR35) from 6 April 2021. This change impacts an estimated 170,000 individuals who supply their services through an intermediary, such as a personal service company (PSC), and who would be deemed employed if engaged directly.
The government believed that making residential property more expensive would discourage investors but has done little to affect the property market. Find out why there has been a spike in tax revenues and how stamp duty land tax will affect you.
15 July 2017
800,000 people will pay the 60 per cent tax rate in 2017/2018 – will you be one of them?
18 April 2017
The government’s pledge to not raise rates of income tax, VAT and National Insurance contributions during the current parliament (the triple lock) has meant that it has had to look to other ways of increasing the tax take.
Capital gains tax can apply on the disposal of assets, from a single item to a multi-million pound business. There are numerous relief opportunities available to manage liabilities, thus maximising the money in your pocket.
Stuart is a tax specialist and heads the North East tax practice of RSM. Stuart’s particular expertise is in business structuring, capital tax planning and taxation of professional practices.
Arguably one of the most important and generous reliefs from UK capital gains tax (CGT) is the exemption available for the disposal of an individual’s home. In straight forward cases where someone owns one property which they have always lived in for the whole period of their ownership any gain arising is completely exempt from a CGT charge. However modern life is never that simple.