16 January 2021
Following the recent report from the Low Incomes Tax Reform Group (LITRG), we highlight many of the points raised that are applicable to everyone and in our view, a step in the right direction for the tax system.
16 January 2021
This year, more than usual, settling the upcoming 31 January self-assessment tax payment may be a challenge. We discuss the various ways in which you can lighten the load for your next payment.
18 December 2020
Those looking to move to a new house may be subject to a taxable capital gain within 30 days. Our latest update reveals our tips on how you can report CGT on your home.
20 November 2020
Airbnb has recently announced in that it is providing data for the 2017/18 and 2018/19 tax years to HMRC, identifying people letting out property and their rental income receipts. This is likely to bring a number of renters to HMRC’s attention for the first time, which could create problems if their tax affairs are not up to date.
18 September 2020
In July, the Chancellor wrote to the Office of Tax Simplification (OTS) asking it to, ‘to undertake a review of capital gains tax (CGT) and aspects of the taxation of chargeable gains in relation to individuals and smaller businesses.’ In response, the OTS has been gathering evidence, asking for detailed comments to be submitted by 12 October 2020.
13 August 2020
As the UK’s estimate for underpaid and evaded tax by wealthy individuals has risen for the second year in a row according to HMRC, we share our views on the total tax gap shortfall.
18 July 2020
Preparing a tax return is an unfortunate fact of life that many of us put off for as long as possible. This year, however, filing a self-assessment return early could generate some important cashflow advantages.
17 June 2020
Has your house purchase stalled because of the coronavirus pandemic? There are two reliefs available to buyers of new homes, which could result in significant savings.
19 May 2020
The sharp drop in asset values caused by the coronavirus crisis may represent an opportunity to reorganise your wealth in a way that could benefit you and your families significantly in the long term.
26 February 2020
The loan charge is an anti-avoidance measure to counter ‘disguised remuneration’ schemes where individuals were paid in the form of loans, replacing all or part of their salary.
