Undeclared Offshore Income – Criminal Offence
There are 3 criminal offences relating to offshore income, assets and activities. Click through to learn more.
New Tax Year Basis from 6 April 2024
Understand the new tax year basis for sole traders & partnerships from April 6, 2024. Learn about changes in HMRC profit assessment and tax returns.
How to Reclaim Capital Gains Tax?
Reclaim Capital Gains Tax on UK property sales. Avoid overpaying by submitting returns within 60 days. Tips for accurate tax preparation.
Letter From HMRC About Undeclared Income
A letter from HMRC about Undeclared Income has been sent recently to online sellers, influencers & content creators. Click through to learn more.
Late Payment Interest on VAT from 1 Jan 2023 – What is Changing?
Late payment interest on VAT payments made after the payment due date will be charged by HMRC from 1 Jan 2023. Click through to learn more!
New VAT Penalties from 1 January 2023 – What Are the Changes?
New VAT penalties from 1 Jan 2023 will be applicable to VAT Returns for an accounting period starting on or after 1 January. Click through to learn more.
How to Calculate Marginal Relief for Corporation Tax
Marginal Relief provides a gradual increase in the Corporation Tax rate between the small profits rate and the main rate. Click through to learn more.
Using a Pension Pot to Avoid Inheritance Tax
Using a pension pot to avoid Inheritance Tax is a very popular tax planning strategy allowing people to pass on their wealth to their loved ones
Tax on Giving Money to Children and Grandchildren Explained
Tax on giving money to children is a frequently asked question by our clients who are looking to support their children and grandchildren during this cost of living crisis. Tax on gifting money to children […]
EIS Scheme & CGT Reliefs – How Does it Work?
EIS Scheme & CGT reliefs are frequently asked questions by Investors who want to understand the capital gains aspects of the Enterprise Investment Scheme (EIS).
New Dividend Tax Rates from April 2023 – Dividend Allowance Cut in Half!
New Dividend Tax Rates from April 2023 – Dividend allowance cut in half. The proposed 1.25% reduction on the dividend tax rates was also cancelled!
HMRC Letter for Undisclosed Rental Income – What Should You Do?
Have you received an HMRC letter for undisclosed rental income? If yes, please get in touch with us to discuss your options and how we can help you.
Autumn Statement 2022 – Which taxes have increased?
Autumn Statement 2022 is set to confirm significant tax rises and public spending cuts as the government is trying to recover from its disastrous Mini-Budget that was announced in Sep 2022.
New Reporting Requirements for Landlords Under MTD ITSA
New reporting requirements for Landlords from April 2024 have been confirmed by HMRC which will affect anyone earning more than £10,000 from property rental.
New VAT Penalties & Interest Charges from 1 January 2023
For VAT periods starting on or after 1 Jan 2023, the default surcharge will be replaced by new penalties if you submit VAT returns late or pay VAT late.