Capital Gains Tax Planning

From 6 April 2020, HMRC is proposing three significant changes which will potentially increase the capital gains tax paid on the disposal of any residential property by an individual. These include (1) Letting relief, (2) Final-period exemption and (3) the [...]

2019-11-11T11:34:01+00:00November 11th, 2019|Property Tax|

IR35 in the Private Sector

Large and medium-sized organisations have just six months left to prepare for changes to off-payroll working rules, which are due to extend to the private sector next spring. From 6 April 2020, firms that engage private sector contractors will be [...]

2019-11-11T11:34:02+00:00October 8th, 2019|Personal Tax|

The Numerous Quirks and Foibles of VAT

Do you know your Jaffa Cake from your Hobnob? Apart from the obvious differences, do you know why they are treated differently for VAT purposes? This is just one of the many quirks and foibles of the VAT legislation, not [...]

2019-11-11T11:34:02+00:00September 2nd, 2019|VAT|

Residence and Domicile

For most people living in the UK, the question of what income and gains should be included on their tax return is an easily answered question because they are both UK-domiciled and UK tax resident. Anyone domiciled and resident in [...]

2019-11-11T11:34:02+00:00September 2nd, 2019|Personal Tax|

Construction Industry Scheme

The construction industry scheme sets out rules for how payments to subcontractors for construction work must be handled by contractors in the industry, taking into account the subcontractor's tax status. We take a look at who the scheme affects and [...]

2019-11-11T11:34:02+00:00August 5th, 2019|Business|

Saving for Your Retirement

Almost half a million people over the age of 70 were in full or part-time work at the end of March 2019, according to the Office for National Statistics. This represents a rising year-on-year trend, and a 135% increase on [...]

2019-11-11T11:34:02+00:00August 5th, 2019|Personal Tax|

The Tapered Annual Pension Allowance

The tapered annual pension allowance for high net-worth individuals was in the headlines again recently. During 2019/20, the tapered annual allowance will have a much larger impact on those affected. If you are a consistently high earner, you are unable [...]

2019-11-11T11:34:02+00:00July 1st, 2019|Personal Tax|