End of year tax planning 5 April 2014
Although we are now at the beginning of a new calendar year (2014) we are in the last quarter of the current personal tax year (2013/14). Whether you are a business person, property landlord or pay...
View ArticleMPs question new HMRC powers
MPs have joined the debate over the controversial new powers granted to HMRC by George Osborne in this year's Budget In a report this morning, the Treasury Select Committee (TSC) criticised plans...
View ArticlePaper Self Assessment returns
The 2013-14 tax return deadline for taxpayers who continue to submit paper Self Assessment returns is 31 October 2014. Late submission of a Self Assessment return will become immediately liable to a...
View ArticlePrivate Residence Relief
One of the most often used and valuable of the Capital Gains Tax (CGT) exemptions covers the sale of the family home. CGT is a tax on the profit made from selling certain assets such as property,...
View ArticleNon-residents claiming personal allowances (Debate)
An interesting consultation document has been issued by HM Treasury which looks at the possible restriction of the UK personal allowance entitlement for non-residents. Currently, many non-residents...
View ArticleWork out your tax position sooner rather than later
If you are required to file a Self Assessment tax return there are compelling arguments to support the notion that you should calculate your tax position as soon as you can after the 5 April. Don’t...
View ArticleYoung men likeliest to miss tax return
The deadline for completing tax returns is 31 January Young men working in the communications industry are the most likely to miss the looming tax return deadline, HM Revenue and Customs figures...
View ArticleCapital Gains Tax - Non Residents April 2015
As announced in the 2013 Autumn Statement, capital gains tax (CGT) is to apply to non-residents disposing of UK residential property, on gains arising on disposals after 5 April 2015. Before then CGT...
View Article2015 Budget slashes buy-to-let profits for UK investors
The Government’s tax changes for UK landlords, announced in this summer’s Budget, will significantly eat into landlords’ profits and, in many cases, will wipe them out completely. The changes are so...
View ArticleI would like to Remind those now in Government
Prior to the release of the 2016 Autumn budget let's remind the new Chancellor of the Exchequer, Philip Hammond of what he said as an MP “A taxpayer is entitled to know with certainty – be it an...
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