Hello everyone, This month we will cover a few points from the Spring statement, tax return timings and prize draw and a reminder of some recent changes to consider for the coming year. As ever, if there are any questions please do get in touch. Kind regards Simon Spring statement – There was little in […]
April 2025 Update – Spring statement, Tax returns and current issues to consider Read More »
Hello everyone, Hello everyone, this month we are covering Making Tax Digital, year-end planning and a note on HMRC compliance activity. As always, if there are any questions please let me know. Kind regards Simon Spring statementThe Spring statement is due on Wednesday the 26th of March, so we will be circulating a note on
March 2025 Update – MTD, Year-end planning and HMRC investigations Read More »
Hello everyone, Firstly as the end of January is fast approaching just a few reminders below on tax returns and tax payments required by the end of the month. Following on from the Budget in November, there is much to consider with tax increases and proposed reductions in inheritance tax reliefs. Finally we give advance
January 2025 Update – Tax payment, tax returns, IHT changes and advance holiday notice Read More »
Hello everyone After months of speculation, we finally know what this big budget includes. It appears we also know who has the broadest shoulders: business owners, ultra-high net worth individuals and investors, but thankfully not tiny business owners…Below we set out how the budget will impact people and in particular business owners. Before discussing the
Autumn Budget – not as bad as feared? Read More »
Hello everyone, summer seems to have finally arrived and we have a new government settling in which brings the prospect of potential changes in the forthcoming October budget. This month we cover current HMRC campaigns and known and expected tax changes, tax return key dates and an update on the firm’s charity of the year.
August 2024 Update – HMRC Campaigns, Tax Returns and October Budget Read More »
Hello everyone, this month we are covering tax investigations, tax return completion, child benefit and inheritance tax – is it relevant to you? As always, if there are any questions please let me know.Kind regardsSimon Tax investigationsThe thought of a tax investigation or visit from HMRC can be worrying for many. Some HMRC enquiries are
August 2023 Update Read More »
As summer holidays are looming for many there are still a few tax and financial issues to consider. Self-assessment tax payments due by the end of the month and its time to send in tax return details soon if you have not already done so, please see below for more details. We also cover below
Since April 2020, all UK residential properties disposed of by UK resident taxpayers – that create a taxable gain for Capital Gains Tax (CGT) purposes – will have to be reported to HMRC within 60-days of the disposal. Any CGT payable will have to be paid over to HMRC in the same 60-day window. Generally,
60 days to pay capital gains tax If you sell chargeable UK residential property Read More »
Tax Returns! We are now nearly two months into the new tax year and it is time to think about completing tax returns! Tax return information should be available with banks and brokers making annual reports available online or sending them out and employers issuing end of year details. We are asking all clients to
June 22 Update – Tax returns Read More »
The annual tax-free capital gains allowance is £12,300. Consider selling assets, shares for example, that can be sold within the tax-free allowance. If your chargeable gains are likely to exceed the £12,300 limit, are there any assets you can sell at a loss to reduce the total gains below the tax-free limit? It is no
Year-end capital gains tax planning 2021-22 Read More »
