Opportunity knocks for holiday lets owners
From April 2025, the present tax breaks enjoyed by owners of Furnished Holiday Lets (FHLs) will cease and FHL income...
What is the position now re private school fees
The following notes are copied from draft legislation published by HMRC, to be included in the Finance Bill 2024-25. As...
Taxing Times
In a recent announcement to parliament, the Chancellor confirmed the current year deficit in the government finances of £22bn. She...
Tax Diary August/September 2024
1 August 2024 – Due date for corporation tax due for the year ended 31 October 2023. 19 August 2024...
CGT Incorporation Relief
Where a taxpayer owns a business as a sole trader or in partnership, a capital gain will be deemed to...
Company filing obligations
It is important that anyone responsible for the accounts and tax filing regime for private limited companies is aware of...
Child benefit for 16 to 19 year olds
The weekly child benefit rates for the only or eldest child in a family is currently £25.60 and the rate...
Thinking of selling your business?
Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company or an individual’s...
Are your bank keeping you informed?
According to the competition and Markets Authority, certain UK banks are not meeting their obligations to keep customers informed about...
Tackling economic growth
According to the pundits, there are a number of issues that the new government will have to tackle if it...