More on Annual Investment Allowance change
In our July update we advised businesses to take care when timing their capital expenditure during 2012. You may remember that the ...
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Merging NIC and Income Tax?
The Government has started a formal consultation process to consider the merging of National Insurance and Income Tax into a compo ...
HMRC crackdown on tax evasion and avoidance
HMRC are presently pursuing a number of campaigns designed to target taxpayers who have been less than forthcoming in declaring th ...
IHT – Incentive for charitable legacies
On 10 June 2011, the Government published a consultation document entitled 'a new incentive for charitable legacies'. The subject ...
Furnished Holiday Lets Update 2011-12
Owners of Furnished Holiday Lets (FHL) property may like to consider the following planning points: 1. Loss relief The abi ...
Annual Investment Allowance 2011-2012
At the end of the current fiscal year, 5 April 2012 for income tax payers and 31 March 2012 for companies, the current level of An ...
Update on HMRC income tax penalties
We are all used to the idea that if you are late filing your self assessment tax return the penalty is fixed at £100. From 6 A ...
HMRC targets restaurant trade
The recent decision by HMRC to introduce a new task force to tackle tax fraud and unpaid taxes in the restaurant trade will have m ...
What to do with your tax losses?
Tax losses are generally created when your expenditure is more than your income, or in the case of capital losses, when you buy an ...
CGT Entrepreneurs’ Relief follow up
The recent increase in the amount of lifetime gains that can be sheltered from the main capital gains rate of 28% by claiming Entr ...
