More recent posts
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Business Asset Disposal Relief (BADR) – HMRC chasing those exceeding allowance
HMRC are sending warning letters to BADR (formerly Entrepreneur’s Relief) claimants who they believe may have exceeded their lifetime allowance on their 2021/2022 tax returns. BADR can be…
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IHT receipts up to £5.9bn with record breaking year expected
The latest data shows that there’s no respite in sight, with Inheritance Tax (IHT) receipts hitting £5.9bn throughout the period of April 2022 to January 2023 – a…
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Avoid missing out on the UK state pension
Check your National Insurance (NI) records before 5 April 2023 to avoid falling short on your UK state pension claim. For those retiring on or after 6 April…
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Capital gains tax receipts hit record levels
Official data shows that capital gains tax (CGT) receipts have almost doubled over the last 4 years, representing a record breaking £15.3 billion in the year to 31…
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Personal tax returns – the last-minute rush…..
As of the turn of the year, according to HMRC, around 47% of people were yet to file their 2021/22 self-assessment tax returns. That’s around 5.7 million of…
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Helping a family member buy a house? Consider the tax implications
Whether it be parents supporting their children in securing a first mortgage, or adult children helping with financing of a house move for elder relatives, there are a…
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Ending the life of a Limited Company
Despite established legislation, many people remain unaware of the tax intricacies around the striking-off, or liquidation, of a company. An informal or voluntary strike-off (simple & cheap, therefore…
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Bonus or dividends – are the goalposts moving?
For private company owners fortunate to have a degree of choice as to how to pay themselves, at higher marginal tax rates in particular, dividends have held a…
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HMRC step up their chase for landlords who have not declared rental income
Landlords with undisclosed, or under-disclosed, rental income are in HMRC spotlight again, with the threat of demands for back payment of taxes, along with associated interest and penalties.…