The next few years will see several significant changes to taxation, including, more immediately, the further expansion of Making Tax Digital (MTD) for VAT in April this year.

With substantial restrictions for everyone on the circumstances in which we can leave our homes, and many businesses being forced to close, the Chancellor has announced a scheme to reimburse up to 80 per cent of the cost of the wages of ‘furloughed workers’. What is a ‘furloughed worker’? Anyone designated as a ‘furloughed worker’ […]

Being subjected to a tax investigation can be a very stressful experience. Any person or business can be selected for an HM Revenue & Customs (HMRC) investigation at potentially any time – meaning you never know when an enquiry might be just around the corner. The process typically begins with a letter from HMRC notifying […]

Since April 2014 only £40,000 can be paid into your pension each year before you need to pay tax on it and declare it on a self-assessment tax return. This £40,000 includes all money paid into your pension – whether that is invested yourself or another party pays, such as your employer. It is, however, […]

Thinking ahead when it comes to retirement planning is vital for any business owner who wants to enjoy a financially comfortable life in their later years and pass on their successes to the next generation in a tax-efficient and sensible way.

What is Making Tax Digital (MTD)?

Self-employed business owners and individuals who choose to dispose of anything that might be considered an ‘appreciating asset’ – such as commercial premises or a buy-to-let property – need to be aware of the complex rules governing Capital Gains Tax (CGT) in the UK.

Britain’s property market has always been regarded as a sound and sensible place to invest your money, regardless of whether you are an aspiring landlord or just looking to purchase a home to sell-on in a few years’ time.