More recent posts
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Basis of assessment reforms incoming
Upcoming basis of assessment reforms will alter the way trading income is allocated to tax years for the self-employed. The basis period will be changed from a current…
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Autumn Statement 2022 – At a Glance
Chancellor Jeremy Hunt has delivered the Autumn Statement 2022. We have provided some details of the tax changes announced that will be of interest to owner-managed businesses, entrepreneurs…
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Attracting investment with SEIS and EIS
The tax incentives offered under the Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) are very attractive but come with some stringent criteria to follow. What…
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New half year record for IHT receipts
A record £3.5 billion of inheritance tax (IHT) was gathered by the Treasury in the first half of 2022, the highest on record. Released last week, figures from…
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Jeremy Hunt axes mini-budget tax cuts
Chancellor Jeremy Hunt has announced the government will axe almost all the tax cuts it announced in last month’s mini-budget. In an emergency statement this morning (17 October),…
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Key announcements from Mini-Budget
Chancellor of the Exchequer Kwasi Kwarteng has delivered a range of sweeping reforms to taxation in a statement which was billed as a “Mini-Budget” but which delivered £45…
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Does HMRC need to redefine family taxation?
The tax position for cohabiting couples is vastly inferior to their married equivalents. Is this now an outdated policy that needs reassessment? A recent study from the Office…
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The trust registration deadline approaches!
Non-taxable trusts need to be registered with HMRC using the Trust Registration Service (TRS) by 1 September 2022 or you could be penalised. Whilst trusts that hold assets…
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HMRC confirms property disposals must be reported twice
HMRC has confirmed that a capital gains tax (CGT) UK property return must still be filed using a paper return rather than via the online UK property account.…