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Higher rate relief pension contributions
You can typically claim tax relief on private pension contributions up to 100% of your annual earnings, subject to certain ...
Current rates for Capital Gains Tax (CGT)
CGT is generally charged at a flat rate of 20% on most chargeable gains for individuals. However, if taxpayers are ...
Gifts and Inheritance Tax
Most gifts made during a person’s lifetime are not subject to tax at the time of transfer. These gifts, known ...
Business cashflow
The government offers the following information regarding business cashflow. If you do not have enough money coming in to pay ...
What is fuel duty?
The Office for Budget Responsibility (OBR) has offered the following explanation: “Fuel duties are levied on purchases of petrol, diesel ...
Is there a partnership in place?
A partnership is a reasonably straightforward way for two or more legal persons to establish and operate a business with ...
Not so Trivial Tax Benefits
There is a trivial benefit-in-kind (BiK) exemption for small, non-cash employee benefits. This exemption applies to BiKs classified as 'trivial,' ...
Two October self-assessment deadlines
The deadline for submitting paper self-assessment tax returns for the 2023-24 tax year is 31 October 2024. Late submission of ...
Pension Credit action week
Pension Credits can provide extra income to those over State Pension age and on a low income. The Department for ...
Fraudsters impersonating Insolvency Service staff
The Insolvency Service is a government agency that provides services to those affected by financial distress or failure by seeking ...
Don’t miss out on Home Responsibilities Protection
HMRC together with the Department for Work and Pensions (DWP) have issued a press release urging tens of thousands of ...
What is a PSC?
PSC stands for Person with Significant Control. It is a legal term used primarily in the United Kingdom under company ...
