Over the past few years it is fair to say that people and businesses disposing of assets pregnant with gain have found their capital gains tax (CGT)/corporation tax (CT) liabilities grow exponentially as a result of the reduction in the CGT tax annual exemption, the corporate indexation allowance restriction, heightened residential CGT rates and corporate tax rates as well as business asset disposal relief only on the first £1 million of business asset gains over the course of an eligible taxpayer’s lifetime.
In this Autumn edition of the PayLessTax newsletter, we look at the potential loss of state pension entitlement, gift holdover relief, deadline to claim backdated bereavement allowances and a 50% tax free bonus account for low earners.
A look at the latest issues and developments relating to tax legislation in the UK
In this newsletter we look at the deadlines & penalties for late filing of returns, 150% Land Remediation Relief, the need for clear policies on tips and service charges and issues around the christmas party!
In this newsletter we look at how to alleviate childcare costs; upcoming changes for property landlords, dangers of misinterpreting redundancy payments and saving time with cash flow
The Chancellor of the Exchequer, Rishi Sunak, delivered his Spring Statement on Wednesday 23 March 2022. In this early edition of our April tax newsletter we outline the key measures affecting our clients.
In this Winter edition of the PayLessTax newsletter we look at Electric Vehicle Grants, the importance of a regular pension tax review, pre April 6th considerations and issues for directors in insolvency
In this Autumn edition of the PayLessTax newsletter, we look at the various ramifications behind child benefit, the possibilities conjured up by Freeports, the opportunities surrounding holiday lets and the new payment penalty regime which is coming into play from April 2022.
In this edition of the PayLessTax newsletter, where powers of attorney have been missed, we look at the appointeeship option, plus review circumstances where VAT registration can be avoided. We shine a spotlight on electric cars as well as looking at a business incentive to help the heroes.
The Chancellor Rishi Sunak presented his second Budget on Wednesday 3 March 2021. In his speech he stated his Budget ‘meets the moment with a three-part plan to protect the jobs and livelihoods of the British people’.